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 668,000 Accounts payable Accounts receivable $ 605,000 Accumulated depreciation-equipment Additional paid-in capital common In excess of par value From sale of treasury stock Allowance for doubtful accounts 450,000 1,900,000 35,000 20,000 6,800,000 260,000 Equipment Cash 500,000 50,000 Common stock ($1 par value) Dividends payable on common stock-cash Inventories 750,000 2,500,000 Investments Preferred stock ($100 par value) Prepaid insurance Retained earnings Treasury stock-common at cost 6,500,000 65,000 982,000 125,000 Totals $11,105,000 $11,105,000 At December 31, 2017, Capital Northeast had the following number of common and preferred shares Common Preferred Authorized 2,500,000 500,000 1,000,000 65,000 65,000 Issued Outstanding 490,000 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. (AICPA adapted)