Common stock =

Retained Earnings =

Total stockholders Equity =

on January 1, 2017, Shellenburger Inc. had the following stockholders' equity account balances. Common Stock, no-par value (461,500 shares issued) $2,307,500 Common Stock Dividends Distributable 197,500 Retained Earnings 593,500 During 2017, the following transactions and events occurred. 1. Issued 69,225 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016. 2. Issued 26,050 shares of common stock for cash at $6 per share. 3. Corrected an error that had understated the net income for 2015 by $68,850. 4. Declared and paid a cash dividend of $78,500. 5. Earned net income of $273,500 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only a information.)