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please help with the red boxes!! this is my last chance! Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Concord Corporation on January

image text in transcribedimage text in transcribedplease help with the red boxes!! this is my last chance!

Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Concord Corporation on January 1, 2017, were as follows Preferred Stock (690, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) $300,000 1,000,000 15,000 480,000 705,000 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 5,000 shares of common stock for $30,000 Mar. 20 Purchased 1,000 additional shares of common treasury stock at $9 per share Oct. 1 Declared a 6% cash dividend on preferred stock, payable November 1 Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.65 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Dec. 31 Determined that net income for the year was $283,200. Paid the dividend declared on December 1

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