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P11-2A The stockholders' equity accounts of Cyrus Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) 300,000 1,000,000 15,000 480,000 688,000 40,000 the corporation had the following transactions and events pertaining to its During 2017, stockholders' equity. Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar 20 Purchased 1,000 additional shares of common treas Oct. 1 Declared a 7% cash dividend Nov. 1 Paid the dividend declared on October 1 ury stock at $7 per share. on preferred stock, pavable Novernber 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Determined that net income for the year was $280,000. Paid the dividend declared on December 1 1