Park Company reported the following in the statement of shareholders' equity at 1/1/17 Common stock, $5 par value, authorized 200,000 shares s 500,000 1,500,000 issued 100,000 Additional paid-in capital Retained carnings 516.000 $2,516,000 Less: treasury stock, at cost, 5,000 shares Total shareholders' equity $2.475.000 The following events occurred in 2017 3/1 6/ 15 1,000 shares of treasury stock were sold for $10,000 A 30% stock dividend was declared when the market value of the stock was $11. The shares will be distributed on 7/31 to holders of record on 7/1 9/9 9,000 of previously unissued common stock sold for $12 per share 101 A 2-for-1 stock split resulted in the common stock's par value being halved 12/15 Acash dividend of $.50 per share was declared. 12/31 Net income for 2017 was $473,500 Required (a) Prepare the journal entries required for the 2017 events affecting equity (b) Prepare the equity section of the balance sheet at 12/31/17