Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) Common Stock ($3 stated value, 341,000 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 (4,300 common shares) $258,000 852,500 12,900 545,600 687,500 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 5,030 shares of common stock for $30,180. Purchased 1,700 additional shares of common treasury stock at $9 per share. Declared a 8% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Determined that net income for the year was $280,100. Paid the dividend declared on December 1. (b) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends