lih Stock ,$22 par, 500,000 shares authorized 32,000 shares il outstanding uldtive, 10,000 shares authorized $525,000 ed d-in capital in excess of par preferred stock d-in capital in excess of ained Earnings al Shareholder Equity 704,000 125,000 396,000 $2,250,000 $4,000,000 par common stock tollowing transactions related to shareholder equity occurred during 3Issued 10,000 shares of common stock for $32 per share Acquired a machin common stock Declared a 11.5 $32 t 22 % stock dividend on all common stock outstanding, the market price was 750 shares of common stock as treasury stock at $27 per share Acquired Income of $800,000 was reported and $387,344 cash dividends were also paid during the year uired: Prepare the Shareholder Equity section as of 12/31/2017 to reflect the transactions above. ferred Stock 800, $70 par, 10,000 shares authorized 7,500 shares ued and outstanding mmon Stock, $22 par, 500,000 shares authorized 49283 res issued d-in capital in excess of par common stock tained Earnings asury Stock (750 shares) al Shareholder Equity al common stock shares issued d- in capital in excess of par preferred stock al common stock shares issued and outstanding nings Per Share