Problem 11-SA (Part Level Submission) On January 1, 2017, Flounder Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 80,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $800,000 481,000 630,000 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 was $16 per share. 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 $417,000. Prepare the stockholders' equity section of the balance sheet at December 31. FLOUNDER CORP. Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work