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Instructor-created question Requirement Complete the stockholders' equity section of the company's balance sheet on December 31, 2017. (Enter amounts in millions, except per-share amounts, as

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Instructor-created question Requirement Complete the stockholders' equity section of the company's balance sheet on December 31, 2017. (Enter amounts in millions, except per-share amounts, as provided in the problem.) Assume that on December 31, 2016, Southern Corporation reported the stockholders' equity information shown here (with dollar amounts in millions, except per-share amounts). E (Click the icon to view the data.) The company had the following items during 2017: A (Click the icon to view the transactions.) Balance Sheet (Partial) Stockholders' Equity: shares par, Total stockholders' equity Data Table Common stock, $4.00 par value per share, 120 30 million shares issued 15 Paid-in capital in excess of par value 265 Retained earnings (40) Treasury stock, at cost %24 360 Total stockholders' equity More Info Print Done a. Net income, $441 million b. Issuance of 10 million shares of common stock for $12.50 per share c. Purchase of 5 million shares of treasury stock for $65 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $36 million swer. Check

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