At December 31, 2016, Blumenthall Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts).

Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2017. (into the account in the proper order for the stockholders equity section of the balance sheet. Use parentheses or minus sign for numbers to be subtracted. For purposes of this exercise ignore the outstanding shares and statement of stockholders equity. Enter amounts in millions, including per-share amount as provided to you in the problem statement.)

Accounts Debit More Info a. Net income, $446 million b. Issuance of 14 million shares of common stock for $14.50 per share c. Purchase of 10 million shares of treasury stock for $120 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $30 million Print Done