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On January 1, 2022, Tamarisk, Inc. had these stockholders’ equity balances. Common Stock, $1 par (2,900,000...

On January 1, 2022, Tamarisk, Inc. had these stockholders’ equity balances.

Common Stock, $1 par (2,900,000 shares authorized, 705,000 shares issued and outstanding) $705,000
Paid-in Capital in Excess of Par Value 1,530,000
Retained Earnings 694,000
Accumulated Other Comprehensive Income 53,000


During 2022, the following transactions and events occurred.

1. Issued 45,500 shares of $1 par value common stock for $2 per share.
2. Issued 65,000 shares of common stock for cash at $3 per share.
3. Purchased 21,600 shares of common stock for the treasury at $3.40 per share.
4. Declared and paid a cash dividend of $219,000.
5. Earned net income of $407,500.
6. Had other comprehensive income of $16,600.


Prepare the stockholders’ equity section of the balance sheet at December 31, 2022.

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