Need help figuring out Retained earnings in part 2 on the balance sheet.

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Flint 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, 1.800 shares issued) $180,000 Common stock. $5 par (101,500 shares authorized. 20,300 shares issued) Additional paid-in capital 130,000 Retained earnings 486,000 Total $897.500 During 2017, Flint took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2016 59 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 1.800 shares of its own outstanding common stock for $41 per share. Flint uses the cost method. 3. Reissued 700 treasury shares for land valued at $31.400. 4. Issued 510 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. 6. Issued the stock dividend. 7. Declared the annual 2017 59 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018 Part 1 Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit 16,200. 40,600 1800 shares &$9 div 20,300 shoes $2 div 5200+40,600 56,500 73,800 No. Account Titles and Explanation 1. Dividends Payable- Pref Stk Dividends Payable-comstk I cash 2 Treasury Stock I cash 3 Land I Treasury stock. paid in cap from treasury stk. & Cash 1800 shares $41 Paire 73,800 31,400 25,700 value of land 700 shares $41 Price 31,400-2700 2700 53040 510 sharesx $104 market price Sio sharesx$ico par piefs 53040-5,000 19,200 sharesx107x35 parcs 86400-9600 A Preferred stk 51,cos paid in cap ex of par - Pref stk 2040 lored s. Retared Earones 86,400 20,300 1800+700 19.300 shares outstanding M, 200X 107 X 345 Constk Diu Distributable a 9600 pardin cup ex of pas-com stk 76,800 ed 6. Com stk Div Distributable 9600 common stk 1 9,600 7. Retained Earnings 63030 Div Payable - Pref 20790 I Div Payable-com 42240 20,790+42240 (1800Ps +510 issund) x 89 div Shares issued (19,200+ 1920)%$2 din Shores outstanding e Textbook and Media List of Accounts Attempts: 0 of 15 used Save for Later Submit Answer Part 2 Prepare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $333,000.(Enter account name only. Do not provide any descriptive information) 180,000 +51,600 101500+ 4600 FLINT COMPANY Stockholders' Equity Dec 31, 2017 Capital Stock. Preferred Stock common stock Total Capital Stock Additional Paid-in Capital Total Paid-in capital Retwned Earnings Tutar Paid in Capital FRE" less Treasury Stock Total Stockholders' Equity $ 234,000 11100 392,100 1211540 (553640 130,000+ 2700+2040+ 76,800 48600 415,100 700 shares & $41