Calculator Statement of Stockholders' Equity 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 par, 7% cumulative, nonparticipating preferred stock and 13,000 shares of $5 par common stock. On January 10, Peeler issued for cash 440 shares of preferred stock at $122 per share and 4,500 shares of common stock at $79 per share. On January 20, it issued 1,100 shares of common stock to acquire a building site at a time when the stock was selling for $69 per share. During 2017, Peeler established an employee benefit plan and acquired 500 shares of common stock at $60 per share as treasury stock for that purpose. Later in 2017, it resold 120 shares of the stock at $65 per share. On December 31, 2017, Peeler determined its net income for the year to be $43,400. The firm declared the annual cash dividend to preferred stockholders and a cash dividend of $5 per share to the common stockholders. The dividends will be paid in 2018. Required: Use the stockholders' equity information from above to complete the Statement of Stockholders' Equity table provided for Peeler Company for 2017. Enter beginning equity account balances as appropriate. For each of the referenced transactions/events, reflect the amount of any effect on the equity accounts. If an account is not affected by a particular transaction/event, leave it blank. Peeler Company Statement of Stockholders' Equity For the Year 2017 Preferred Stock Common Stock Pald-In Capital Treasury Stock Retained Earnings Balance, January 1 Sale of preferred stock 44,000 8,800 0 0 0 0 0 0 0 0 Sale of common stock 0 355,500 0 D Tecnofanmmon ctn for hiltinn cita TEOA Previous Next Calculator Required: Use the stockholders' equity information from above to complete the Statement of Stockholders' Equity table provided for Peeler Company for 2017 Enter beginning equity account balances as appropriate. For each of the referenced transactions/events, reflect the amount of any effect on the equ accounts. If an account is not affected by a particular transaction/event, leave it blank. Peeler Company Statement of Stockholders' Equity For the Year 2017 Preferred Stock Common Stock Pald-In Capital Treasury Stock Retained Earnings 0 0 0 0 0 Balance, January 1 44,000 0 8,800 0 Sale of preferred stock 0 0 355,500 0 0 Sale of common stock 0 Issuance of common stock for building site 75,900 0 0 0 0 0 Purchase of treasury stock 0 0 0 Sale of treasury stock 0 0 0 43,000 Net income 0 0 0 Cash dividends-preferred 0 0 0 0 Cash dividends-common 0 Balance, December 31 Previous Email Instructor Save and Exit Submit Assign