Metlock 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, 2,000 shares issued)		$200,000
Common stock, $5 par (102,000 shares authorized, 20,400 shares issued)		102,000
Additional paid-in capital		120,000
Retained earnings		495,000
Total		$917,000

During 2017, Metlock 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 1,700 shares of its own outstanding common stock for $41 per share. Metlock uses the cost method.
3.		Reissued 600 treasury shares for land valued at $30,400.
4.		Issued 480 shares of preferred stock at $105 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $44 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 $326,000. (Enter account name only .Do not provide any descriptive information.)

Metlock Company
Stockholders' Equity
December 31, 2017
Capital Stock
Preferred Stock	248,000
Common Stock
Total Capital Stock
Additional Paid-In Capital
Total Paid-In Capital
Retained Earnings
Total Paid-In Capital and Retained Earnings
Less:
treasury Stock
Total Stockholders' Equity

Please include all equations so I can understand how each part is completed. I've been getting confused by it heavily.