Stockholders' Equity Category Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,100 shares of $100 pat 7% cumulative, nonparticipating preferred stock and 13,000 shares of s5 par common stock. On January 10, Peeler issued for cash 410 shares of preferred stock at $116 per share and 4,000 shares of common stock at $83 per share on January 20, it issued 1,100 shares of common stock to acquire a building site at a time when the stock was selling for $71 per share During 2017, Peeler established an employee benefit plan and acquired 500 shares of common stock at $61 per share as treasury stock for that purpose. Later in 2017, it resold 150 shares of the stock at 366 per share, On December 31, 2017, Petler determined its net income for the year to be $43,400. The firm declared the annual cash dividend to preferred stockholders and a cash dividend of $5 per share to the common stockholders. The dividends will be paid in 2018. Required: Check My Work 3 more Check My Work to remaining Peeler Company Partial Balance Sheet December 31, 2017 Stockholders' equity Preferred stock Common stock Additional paid-in capital preferred stock Additional paid-in capital-common stock Additional paid in capital-treasury stock Total contributed capital Retained earnings Treasury stock Total stockholders equity Common Stock 2. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock Preferred Stock Number of shares authorized Number of shares issued Number of shares outstanding Next Check My Work 3 more Check My Work uses remaining