GEFORCE (intel. CORE 17 2. Richard Tandy Company reported the following balances at December 31, 2016: common stock $500,000; paid-in capital in excess of par-common stock $200,000; retained earnings $350,000. During 2017, the following transactions affected stockholder's equity. 1. Issued preferred stock with a par value of $200,000 for $230,000. 2. Purchased treasury stock (common) for $70,000. 3. Earned net income of $240,000. a01in 4. Declared and paid cash dividends of $86,000 (S16,000 preferred). no leee bnod Instructions (a) Prepare the stockholders' equity section of Richard Tandy Company's December 31, 2017, balance sheet. (b) Compute Tandy's 2017 return on common stockholders' equity. no en b