Problem 14-5AOn January 1, 2017, Shellenburger Inc. had the following stockholders? equity account balances.Common Stock, no-par value (472,000 shares issued) $2,360,000Common Stock Dividends Distributable 165,500Retained Earnings 573,500During 2017, the following transactions and events occurred.1. Issued 70,800 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016.2. Issued 31,600 shares of common stock for cash at $7 per share.3. Corrected an error that had understated the net income for 2015 by $72,950.4. Declared and paid a cash dividend of $81,850.5. Earned net income of $263,000.

Exercise 14-1 Exercise143 On January 1, 2017, Shellenburger Inc. had the following stockholders' equity account balances. Exercise 14-4 E-Xer-Cisel-45 Common Stock, no-par value (472,000 shares issued) $2,360,000 ' ' ' ' "" Common Stock Dividends Distributable 165,500 Retained Earnings 573,500 Review Score Review Results by Study Qjective During 2017, the following transactions and events occurred. Mobile Site 1 Issued 70,800 shares of common stock as a result of a 15% stock dividend declared on December 15, 2016. Issued 31,600 shares of common stock for cash at $7 per share. Corrected an error that had understated the net income for 2015 by $72,950. Declared and paid a cash dividend of $81,850. 5 Earned net income of $263,000. PP!" Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) SHELLENBURGER INC. Partial Balance Sheet ITNK TO TFXT ITNK TO TFXT I'I'NK TO TFYT