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Exercise 15-17 Vaughn Corporation's postclosing trial balance at December 31, 2017, is shown as follows. VAUGHN CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 L L Accounts payable $ 393,600 Accounts receivable $ 463,000 Accumulated depreciationbuildings 183,000 Additional paidin capital in excess of parcommon 1,309,000 From treasury stock 169,000 Allowance for doubtful accounts 31,000 Bonds payable 317,000 Buildings 1,488,000 Cash 205,000 Common stock ($1 par) 215,000 Dividends payable (preferred stockcash) 4,400 Inventory 612,000 Land 382,000 Preferred stock ($50 par) 450,000 Prepaid expenses 37,000 Retained earnings 297,000 Treasury stock (common at cost) 182,000 Totals $3,369,000 $3,369,000 At December 31, 2017, Vaughn had the following number of common and preferred shares. Common Preferred Authorized 645,000 54,000 Issued 215,000 9,000 Outstanding 202,000 9,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Vaughn's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) VAUGHN CORPORATION Stockholders' Equity December 31, 201.7 1 Capital Stock Preferred Stock $ Common Stock 1 Total Capital Stock 1 Additional Paidin Capital 1 1b 4 1 $ Click if you would like to Show Work for this question: Qpen Show Work