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On January 1, 2017, Shellenburger Inc. had the following stockholders' equity account balances. Common Stock, no-par value (472,000 shares issued) Common Stock Dividends Distributable Retained Earnings $2,360,000 165,500 573,500 During 2017, the following transactions and events occurred 2. 3. 4. 5. issued 70,800 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016. Issued 31,600 shares of common stock for cash at $7 per share. Corrected an error that had understated the net income for 2015 by $72,950. Declared and paid a cash dividend of $81,850. Earned net income of $263,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) SHELLENBURGER INC. Partial Balance Sheet Equity Paid-in Capital Capital Stock