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On January 1, 2017, Shellenburger Inc. had the following stockholders? equity account balances.Common Stock, no-par value (527,500 shares issued) $1,582,500Common Stock Dividends Distributable 194,000Retained Earnings

On January 1, 2017, Shellenburger Inc. had the following stockholders? equity account balances.Common Stock, no-par value (527,500 shares issued) $1,582,500Common Stock Dividends Distributable 194,000Retained Earnings 551,500During 2017, the following transactions and events occurred.1. Issued 79,125 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016.2. Issued 25,950 shares of common stock for cash at $7 per share.3. Corrected an error that had understated the net income for 2015 by $73,750.4. Declared and paid a cash dividend of $82,900.5. Earned net income of $333,000.Prepare the stockholders? equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)SHELLENBURGER INC.Partial Balance Sheet

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WI Weygandt, Accounting Principles, 12e ACCOUNTING PRINCIPLES I/II (ACC 11/ACC12) Home Read, Study & Practice Gradebook ORION Assignment > Open Assignment Cg MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK ASSIG N M ENT RESOURCES Assignment Ch14 PrOblem Exercise 14-1 . . flew/gems On January 1, 2017, Shellenburger Inc. had the follownng stockholders' equnty account balances. Exercise 14-4 E-Xer-Cisel-45 Common Stock, no-par value (527,500 shares issued) $1,582,500 ' ' ' ' " Common Stock Dividends Distributable 194,000 Retained Earnings 551,500 Review Score Review Results by Study fliective During 2017, the following transactions and events occurred. Mobile Site 1 Issued 79,125 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016. Issued 25,950 shares of common stock for cash at $7 per share. Corrected an error that had understated the net income for 2015 by $73,750. Declared and paid a cash dividend of $82,900. 5 Earned net income of $333,000. PP!" Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) SHELLENBURGER INC. Partial Balance Sheet Total Stockholders' Equity 9

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