Exercise 14-10 Dirk Company reported the following balances at December 31. 2016: common stock $400.000, paid-in capital in excess of par value-common stock $109.000, and retained earnings $245.000. During 2017, the following transactions affected stockholders' equity 1. 2. 3. 4. Issued preferred stock with a par value of $129.000 for s192.000. Purchased treasury stock (common) for s35.500. Earned net income of s142.500 Decared and paid cash dividends of $60.000 Prepare the stockholders equity section of Dirk Company's December 31, 2017, balance sheet. DIRK COMPANY