On January 5, 2017, Sheridan Corporation received a charter granting the right to issue 5,500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,400 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Dec. 31 Issued 21,900 shares of common stock at $ 16 per share. Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair value of $50,800; a factory building with a fair value of $169,000; and land with an appraised value of $294,000. Purchased 1,800 shares of common stock at $18 per share. (Use cost method.) Sold the 1,800 treasury shares at $14 per share. Declared a $0.30 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $173,800 net income. Record the journal entries for the transactions listed 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 o for the amounts. Record entries in the order displayed in the problem statement. Round answers to o decimal places, e.g. $5,275.) Date Account Titles and Explanation Debit Credit Jan. 11 ) Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Feb. 1 Equipment Buildings Land Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock July 29 Treasury Stock Cash Aug. 10 Cash Retained Earnings Treasury Stock Dec. 31 Retained Earnings Dividends Payable - Common Stock Dec. 31 7 Income Summary Retained Earnings Prepare the stockholders' equity section of Sheridan Corporation's balance sheet as of December 31, 2017. (Enter account name only and do not provide descriptive information.) SHERIDAN CORPORATION Stockholders' Equity December 31, 2017 SHERIDAN CORPORATION Stockholders' Equity December 31, 2017 Capital Stock Preferred Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Total Paid-in Capital Retained Earnings Stockholders' Equity