P11-3A On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common Prep stock issued and outstanding. At December 31,2016, stockholders' equity had the amounts sectr listed here. 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 were as follows. on January 10, 2017, issued at $107 per share 120,000 shares of $100 par value, 9% cumulative preferred stock. On February 8, 2017, reacquired 15,000 shares of its common stock for $11 per share. 4. On June 8, 2017, dectared a cash dividend of $1.20 per share on the common stock 5. Net income for the year was $3,600,000. Prepare the stockholders' equity section of Jons' balance sheet at December 31, 2017. On May 9, 2017, declared the yearly cash dividend on-preferred stock, payable June 10, 2017, to stockholders of record on May 31,2017. outstanding, payable on July 10, 2017, to stockholders of record on July 1, 2017. Instructions Tot