P11-6B Prepare a stockholders' equity section On January 1, 2014, Ferris, Inc. had these stockholders' equity balances Common Stock, $5 par (2,000,000 shares authorized 600,000 shares issued and outstanding) Paid-in Capital in Excess of par value Retained Earnings $3,000,000 1,800,000 810,000 During 2014, the following transactions and events occurred 1. ssued 75,000 shares of $5 par value common stock for $9 per share 2. Issued 60,000 shares of common stock for cash at $9.50 per share 3. Purchased 25,000 shares of common stock for the treasury at $10 per share 4. Declared and paid a cash dividend of $284,000 5. Earned net income of $860,000 Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2014 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a"?" FERRIS INC Partial Balance Sheet December 31, 2014 Stockholders' equity Paid-in capital Common stock, $5 par value, 2,000,000 shares authorized 735,000 shares issued, and 710,000 shares outstanding Additional paid-in capital Value Value Value Value Paid-in capital in excess of par value- common stock Total paid-in capital Total paid-in capital and retained earnings Total stockholders' equity Retained earnings Less: Treasury stock common (25,000 shares)