Capital Northeast Corporation's post-closing trial balance at December 31, 2017, was as follows. CAPITAL NORTHEAST CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable $ 668,000 Accounts receivable Accumulated depreciation-equipment Additional paid-in capital-common In excess of par value From sale of treasury stock Allowance for doubtful accounts $ 605,000 450,000 1,900,000 35,000 20,000 Equipment 6,800,000 Cash 260,000 Common stock ($1 par value) 500,000 Dividends payable on common stock-cash 50,000 Inventories 750,000 Investments 2,500,000 Preferred stock ($100 par value) 6,500,000 Prepaid insurance 65,000 Retained earnings 982,000 Treasury stock-common at cost 125,000 Totals $11,105,000 $11,105,000 At December 31, 2017, Capital Northeast had the following number of common and preferred shares. Preferred Common Authorized Issued Outstanding 2,500,000 1,000,000 500,000 65,000 490,000 65,000 The dividends on preferred stock are 6% cumulative. In addition, the preferred stock has a preference in liquidation of $102 per share. Instructions Prepare the stockholders' equity section of Capital Northeast's balance sheet at December 31, 2017.