Exercise 11-21 Dirk Company reported the following balances at December 31, 2016: common stock $395,000, paid-in capital in excess of par value-common stock $100,000, and retained earnings $247,000. During 2017, the following transactions affected stockholders' equity 0 1. Issued preferred stock with a par value of $130,000 for $193,000 2. Purchased treasury stock (common) for $44,000. 3. Earned net income of $141,000 4 Declared and paid cash dividends of $51,000 Prepare the stockholders' equity section of Dirk Company's December 31, 2017, balance sheet