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 1,200 shares af $100 par, 7% cumulative, nonparticipating preferred stack and 15,000 shares of ss par common stock. On January 10, Peeler issued for cash 520 shares of preferred stock at $122 per share and 4,100 shares of common stock at $85 per share. On January 20, it issued 1,300 shares of common stock to acquire a building site at a time when the stock was selling for $69 per share. During 2017, Peeler established an employee benefit plan and acquired 580 shares of common stock at $62 per share as treasury stock for that purpose. Later in 2017, it resold 110 shares of the stock at 567 per share. On December 31, 2017, Peeler determined its net income for the year to be $44,000. The firm declared the annual cash dividend ta preferred stockholders and a cash dividend of $4 per share to the comman stockholders. The dividends will be paid in 2018 Required: 1. Develop the Stockholders' Equity category of Peeler's balance sheet as of December 31, 2017. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Peeler Company Partial Balance Sheet December 31, 2017 Stackholders' Equity Preferred stock $50,000 X Common stock Additional pald-in capital-preferred stock Additional pald-in capital-common stock Additional paid-in capital-treasury stock Total contributed capital Retained earnings Treasury stock Total stockholders' equity Fooback 2. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock. Preferred Stock Common Stock Number of shares authorized Number of shares issued Number of shares outstanding