Skysong Corporation's post-closing trial balance at December 31, 2017, is shown as follows SKYSONG CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable 393,600 Accounts receivable $ 463,000 Accumulated depreciation-buildings 183,000 Additional paid-in capital in excess of par-common 1,309,000 169,000 From treasury stock 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 stock-cash) 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 $3,369,000 $3,369,000 Totals At December 31, 2017, Skysong had the following number of common and preferred shares. Preferred Common Authorized 54,000 645,000 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 Skysong's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) SKYSONG CORPORATION Stockholders' Equity