Problem 11-1A (Part Level Submission) Swifty Corporation was organized on January 1, 2017, It is authorized to issue 19,700 shares of 7%, $52 par value preferred stock and 471,000 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 Issued 65,100 shares of common stock for cash at $4 per share. Mar. Issued 1,155 shares of preferred stock for cash at $56 per share MayIssued 120,500 shares of common stock for cash at $6 per share. Sept. Issued 6,100 shares of common stock for cash at $7 per share. Nov.1 Issued 4,100 shares of preferred stock for cash at $54 per share. Date Account Titles and Explanation Debit Credit 260400 Jan. 10Cash 65100 Common Stock 195300 Paid-in Capital in Excess of Stated Value-Commor 64680 Mar. 1 Cash 60060 Preferred Stock 4620 Paid-in Capital in Excess of Par Value-Preferred St 723000 May 1 Cash Common Stock 120500 602500 Paid-in Capital in Excess of Stated Value-Commor 42700 Sept. 1Cash 6100 Common Stock 36600 Paid-in Capital in Excess of Stated Value-Commor Nov. 1 Cash 221400 213200 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred St 8200 AGGOUN (c) Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017 SWIFTY CORPORATION Partial Balance Sheet