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nt Riverbed Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, $100 par (10,000

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nt Riverbed 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, 2,200 shares issued) $220,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) Additional paid-in capital Retained earnings 92,500 130,000 447,000 $889,500 Total During 2017, Riverbed 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 deciared on December 31, 2016. 2. Purchased 1,800 shares of its own outstanding common stock for $38 per share. Riverbed uses the cost method. 3. Reissued 600 treasury shares for land valued at $29,500. 4. Issued 500 shares of preferred stock at $106 per share. s. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 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. manually. If no entry is required, select "No Entry Debit 1. 4.24.1.23 of

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