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On December 3 1 , 2 0 2 6 , Sheridan Company had 1 , 2 5 5 , 0 0 0 shares of $

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On December 31,2026, Sheridan Company had 1,255,000 shares of $5 par common stock issued
and outstanding. At December 31,2026, stockholders' equity had the amounts listed here.
Transactions during 2027 and other information related to stockholders' equity accounts were as
follows.
On January 10, issued at $111 per share 130,000 shares of $100 par value, 7% cumulative p I
On February 8, reacquired 11,100 shares of its common stock for $11 per share.
On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockho
On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding, pa
Net income for 2027 was $3,626,000.
Prepare the stockholders' equity section of Sheridan' balance sheet at December 31,2027.(Enter
account name only and do not provide descriptive information.)
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