er 18 Help The balance sheet of Consolidated Paper, Inc, Included the following shareholders' equity accounts at December 31, 2017 2 preferred stock, 7.5%, 92,000 shares at $1 par Common stock, 424,200 shares at $1 S 92,000 424,200 1,535,000 2, 585,000 Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common int 9,145,000 Retained earnings Treasury stock, at cost: 4,200 c (46,200) Total shareholders' equity $13,735, 000 During 2018, several events and transactions affected the retained earnings of Consolidated Paper Required: 1. Prepare the appropriate entries for these events On March 3 the board of directors declared a property dividend of 260.000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $498,000). The investment shares had a fair value of a. K Prev 12 of 15 Next>