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Exercise 15-17 Metlock Corporation's post-closing trial balance at December 31, 2017, is shown as follows. At December 31, 2017, Metlock had the following number of

image text in transcribed Exercise 15-17 Metlock Corporation's post-closing trial balance at December 31, 2017, is shown as follows. At December 31, 2017, Metlock had the following number of common and preferred shares. The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Metlock's balance sheet at December 31, 2017

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