P11-3A On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common Prepare a stockk stock issued and outstanding. At December 31, 2016, stockholders' equity had the amounts section listed here. (LO 2, 3, 4), AP Common Stock Additional Paid-in Capital Retained Earnings $6,500,000 1,800,000 1,200,000 Transactions during 2017 and other information related to stockholders' equity accounts I. On January 10, 2017, issued at $107 per share 120,000 shares of $100 par value, 9% 2. On February 8, 2017, reacquired 15,000 shares of its common stock for $11 per share. were as follows. cumulative preferred stock. 3. On May 9, 2017, declared the yearly cash dividend on preferred stock, payable June 10, 2017, to stockholders of record on May 31, 2017 4. On June 8, 2017, declared a cash dividend of $1.20 per share on the common stock outstanding, payable on July 10, 2017, to stockholders of record on July 1, 2017. 5. Net income for the year was $3,600,000. Instructions Prepare the stockholders' equity section of Jons' balance sheet at December 31, 2017 Tot. stockholde equity