Exam Problem 1: As of December 31, 20x7, ABC Corporation has the following information for their Stockholders' Equity accounts. Based upon this information, prepare the Shareholders Equity section of the balance sheet for ABC Corporation. Common stock$ 1.00 par (500,000 authorized, 20,000 shares issued) Paid-in-capital in excess of par-common stock $ 100,000 Common treasury stock (500 shares@ $20.00 per share Preferred stock, 5%, $ 10.00 par (5,000 shares authorized, 1,000 shares issued) Paid-in-capital in excess of par- Preferred stock $ 50,000.00 Preferred stock subscribed- (500 shares) Retained Earnings, December 31, 2017 $ 300,000.00