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Sage Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet. Preferred stock, 10%, $100 par (10,000 shares

Sage Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet.

Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000
Common stock, $5 par (103,500 shares authorized, 20,700 shares issued) 103,500
Additional paid-in capital 114,000
Retained earnings 423,000
Total $820,500

During 2017, Sage took part in the following transactions concerning stockholders equity.

1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016.
2. Purchased 1,500 shares of its own outstanding common stock for $43 per share. Sage uses the cost method.
3. Reissued 600 treasury shares for land valued at $27,100.
4. Issued 550 shares of preferred stock at $105 per share.
5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share.
6. Issued the stock dividend.
7. Declared the annual 2017 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018.

Please prepare the December 31, 2017, stockholders equity section. Assume 2017 net income was $336,000.

SAGE COMPANY Stockholders Equity For the Year Ended December 31, 2017

Capital Stock

Preferred Stock $235,000

Common Stock $?

Total Capital Stock $?

Additional Paid-in Capital $?

Total Paid-in Capital $?

Retained Earnings $?

Total Paid-in Capital Retained Earnings $?

Less: Treasury Stock $38,700

Total Stockholder's Equity $?

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