Score: 0 of 23 pts 15 of 10 (15 complete X Instructor-created question HW Score: 51.8%, 87.21 of 169 pts I Question Help O Experi Coupment Company began operations during 2016. The company has been authorized to sell 660.000 shares of $5 per value common stock and 200.000 shares of $11 par percent preferred stock. During the year. Pe company had the following selected transactions Mar 1: Issue 4,600 shares of common stock in exchange for $18,000 and a truck with a market value of 50.000 Apr 13: 6.000 shares of common stock for $30,000 Aug 18 Issue 3,000 shares of common wock for $31.500 Sep Issued 3.000 shares of preferred stock for $40,000 Oct 22 Purchased 1.600 shares of its common stock for 110 per share Nov 14: Declared a $12.000 dividend to be paid on December 15. Dec 15: Paide dividend. Dec 21: Sold 200 shares of treasury stock for $11 per share Requirement. Prepare the stockholders' equity section of the balance sheet on December 31, 2016, assuming $102,000 of net income during the year. In addition to the dividends paid on December 15, 83.400 of more dividends were declared prior to year-end, and these dividends were paid during the first month of next year. prior to year-end, and these dividends were paid during the first month of next year, I IU videos Stockholders' Equity 200,000 shares authorized, Paid-in capital Preferred stock, 811 par, shares issued and outstanding Paid-in capital in excess of par, preferred Common stock, $5 par, shares issued Pald-in capital in excess of par, common Pald-in capital from treasury stock Total paid-in capital 550,000 shares authorized shares outstanding Retained earnings Loss: Treasury stock shares al cost Total stockholders' equity