Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15 On April 15, the market price of the stock as S May 15 Issued the shares for the stock dividend Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2018. Dec. 31 Determined that net income for the year was $385,000. pe, share Your answer is correct. Your answer is partially correct. Try again. Enter the beginning balances and post the entries to the stockholders' equity T-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.) Common Stock 670000 5/15 67000 12/31 Bal. # 737000 Retained Earnings 93800IT 1/1 Bal. 77050 IT 12/31 12/31 665000 12/31 385000 12/310AL 879150 Paid-in Capital in Excess of Par Value 516500 1/1 Bal. 4/15 12/31 Bal. 26800 543300 Cash Dividends 1/15 40200 I 12/31 77050 36850 12/31 Bal. Common Stock Dividends Distributable 5/15 67000 12/31 67000 12/31 Bal. Stock Dividends TE 93800I 12/31 4/15 T 12/31 Bal. Click if you would like to Show Work for this question: 93800 Open Show Work L c 000 01 Prepare the stockholders' equity section of the balance sheet at December 31. BRIDGEPORT CORP Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work