On January 1, 2017, Sage Hill Inc. had these stockholders' equity balances Common Stock, $1 par (3,000,000 shares authorized, 705,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $705,000 1,460,000 699,000 61,000 During 2017, the following transactions and events occurred. 1. Issued 51,000 shares of $1 par value common stock for $5 per share. 2. Issued 59,000 shares of common stock for cash at $5 per share. 3. Purchased 19,100 shares of common stock for the treasury at $3.30 per share. 4. Declared and paid a cash dividend of $219,500 5. Earned net income of $437,500. 6. Had other comprehensive income of $19,000. SAGE HILL INC. Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity