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I need help with part B. Exercise 15-18 (Part Level Submission) Stellar Company reported the following amounts in the stockholders' equity section of its December

I need help with part B.

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Exercise 15-18 (Part Level Submission) Stellar Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 1,900 shares issued) $190,000 Common stock, $5 par (108,500 shares authorized, 21,700 shares issued) Additional paid-in capital Retained earnings 108,500 116,000 424,000 Total $838,500 During 2017, Stellar took part in the following transactions concerning stockholders' equity 1, Paid the annual 2016 9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016. 2. Purchased 1,600 shares of its own outstanding common stock for $39 per share. Stellar uses the cost method 3. Reissued 800 treasury shares for land valued at $31,600 4. Issued 460 shares of preferred stock at $103 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for 42 per share 6. Issued the stock dividend 7. Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018 Prepare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $316,000, (Enter account name only .Do not provide any descriptive information.) STELLAR COMPANY Equity December 31, 2017 Stockholders' Equity ed Stock mon Stock Total Capital Stock Additional Pald-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less: Treasury Stock Total Stockholders' Equity

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