CALCULATOR PRINTER VERSON Exercise 15-18 Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 996, $100 par (10,000 shares authorized, 1,900 shares issued) $190,000 98,000 117,000 470,000 $875,000 Common stock, $5 par (98,000 shares authorized, 19,600 shares issued) Additional paid-in capital Retained earnings Total During 2017, Oriole took part in the following transactions concerning stockholders' equity 1. Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31 2016 2 Purchased 1,700 shares of its own outstanding common stock for $37 per share. Oriole uses the cost method 3. Reissued 700 treasury shares for land valued at $29,500 4. Issued 450 shares of preferred stock at $104 per share 5, Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. 6. Issued the stock dividend 7. Declared the annual 2017 59 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018. Prepare journal entries to record the transactions described above. (Credi account titles are automatically indented when amount is entered. Do not indent Prepare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $341,000. (Enter account name only. Do not provide any descriptiv information.) ORIOLE COMPANY Equity