BOOK Stockholders' Equity Category Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,200 shares of 100 pa cumulative, nonparticipating preferred stock and 13,000 shares of $5 par common stock on January 10, Peeler issued for cash 560 shares of preferred stock at $113 per share and 3.600 shares of common stock at 583 per share on January 20, it issued 1,000 shares of common stock to acquire a building site at a time when the stock was selling for $60 per During 2017, Peeter established an employee benefit plan and wouired 550 shares of common stock at $60 per share a treasury stock for that purpose. Later in 2017, resold 100 shares of the stock at 566 per share. On December 31, 2017 Poelet determined its net income for the year to be $40,100. The tim declwed the annual cash dividend to preferred stockholderu and a chi dividendol $5 per share to the cathmon stockholders. The dividends will be paid in 2018. Required 1. Develop the stockholders' Equity category of Peeler's balance sheet of December 31, 2017. For the boxes in which you must enter subtracted or negative numbers use a minus sign Peeler Company Partial Balance Sheet December 31, 2017 Stockholders' equity Preferred stock 65,000 X Common stock 23,000 Additional paid in capital preferred stock 26,980 x Additional paid in capital common stock 340,000 V Additional paid in capital treasury stock 6,600 X Total contributed capital 941,820 X eBook Partial Balance Sheet December 31, 2017 Stockholders' equity Preferred stock 65,000 X Common stock 23,000 26,980 X Additional paid-in capital preferred stock Additional paid in capital-common stock Additional paid-in capital-treasury stock 343,800 6,600 X b 941,820 X Total contributed capital Retained carnings 15,060 x Treasury stock 21,000 X Total stockholders' equity 941,820 X Feedback Check My Work 2. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock, Preferred Stock Common Stock 1,200 13,000 Number of shares authorized Number of shares issued Number of shares outstanding 560 4,600 550 100 x