Problem 11-1A (Part Level Submission) Pina Colada Corp. was organized on January 1, 2017. It is authorized to issue 19,300 shares of 5%, $52 par value preferred stock and 461,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Issued 70,500 shares of common stock for cash at $6 per share. Issued 1,210 shares of preferred stock for cash at $57 per share. Issued 115,500 shares of common stock for cash at $6 per share. Issued 5,100 shares of common stock for cash at $4 per share. Issued 3,100 shares of preferred stock for cash at $54 per share. (a) (b) Your answer is correct. Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock 3/1 62920 11/1 161200 12/31 Bal. 224120 Paid-in Capital in Excess of Par Value-Preferred Stock 3/1 6050 11/1 6200 12/31 Bal. 12250 Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017. PINA COLADA CORP. Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1845001 X Preferred Stock 189800 Total Capital Stock 374300 FA Additional Paid-in Capital X Paid-in Capital in Excess of Stated Value-Commor 738000 X Paid-in Capital in Excess of Par Value-Preferred St 19600 Total Additional Paid-in Capital 757600 X Total Paid-in Capital 1131900 Click if you would like to Show Work for this question: Open Show Work