shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section f the balance sheet at December 31, 2017: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings $670,000 1,420,000 2,900,000 Total stockholders' equity $4.990,000 uring 2018, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value A cash dividend of $300,000 was declared and paid Tiny Tot's declared and issued a 10% stock dividend on the common stock when the market value of the stock was $13 per share Net income for the year was $1,740,000 the foldi tal stock, as of December 31, 2018: # of common shares authorized # of common shares issued and outstanding # of preferred shares issued and outstanding t of cash dividend to common stockholders $ - nt of cash dividend to preferred stockholders Total debit to Stock Dividends account Additional paid-in capital, at December 31, 2018 S Retained earnings, at January 1, 2018 Retained earnings, at December 31, 2018 Total Stockholders Equity, at December 31, 2018 $