Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,100 shares of $100 par, 7% cumulative, nonparticipating preferred stock and 14,000 shares of $5 par common stock. On January 10, Peeler issued for cash 460 shares of preferred stock at $129 per share and 3,700 shares of common stock at $81 per share. On January 20, it issued 1,400 shares of common stock to acquire a building site at a time when the stock was selling for $69 per share.

During 2017, Peeler established an employee benefit plan and acquired 550 shares of common stock at $60 per share as treasury stock for that purpose. Later in 2017, it resold 130 shares of the stock at $67 per share.

On December 31, 2017, Peeler determined its net income for the year to be $44,900. The firm declared the annual cash dividend to preferred stockholders and a cash dividend of $4 per share to the common stockholders. The dividends will be paid in 2018.

Required:

Use the stockholders' equity information from above to complete the Statement of Stockholders' Equity table provided for Peeler Company for 2017.

Enter beginning equity account balances as appropriate. For each of the referenced transactions/events, reflect the amount of any effect on the equity accounts. If an account is not affected by a particular transaction/event, leave it blank.

Peeler Company
Statement of Stockholders' Equity
For the Year 2017
	Preferred Stock	Common Stock	Paid-In Capital	Treasury Stock	Retained Earnings
Balance, January 1	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Sale of preferred stock	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Sale of common stock	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Issuance of common stock for building site	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Purchase of treasury stock	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Sale of treasury stock	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Net income	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Cash dividends-preferred	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Cash dividends-common	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank
Balance, December 31	fill in the blank	fill in the blank	fill in the blank	fill in the blank	fill in the blank