Headland Corporation's post-closing trial balance at December 31, 2017, is shown as follows. HEADLAND CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess $232,700 451,000 183,000 1,309,000 152,000 29,000 317,000 of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) 1,411,000 195,000 200,000 4,300 519,000 375,000 450,000 40,000 271,000 157,000 $3,148,000 $3,148,000 Totals At December 31, 2017, Headland had the following number of common and preferred shares. Common Preferred Authorized Issued Outstanding 600,000 200,000 195,000 54,000 9,000 9,000 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 Headland's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) HEADLAND CORPORATION Stockholders' Equity