Stockholders' Equity Category Peeler Company was incorporated as a new business on January 1, 2016. The corporate charter approved on that date authorized the issuance of 1,000 shares of $100 par, 7% cumulative, nonparticipating preferred stock and 12,000 shares of $5 par common stock. On January 10, Peeler issued for cash 580 shares of preferred stock at $128 per share and 4,300 shares of common stock at $78 per share. On January 20 , it issued 1,500 shares of common stock to acquire a building site at a time when the stock was selling for $68 per share. During 2016, Peeler established an employee benefit plan and acquired 560 shares of common stock at $62 per share as treasury stock for that purpose, Later in 2016, it resold 140 shares of the stock at $65 per share. On December 31, 2016, Peeler determined its net income for the year to be $43,700. 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 2017. Required: Peeler Company Partial Balance Sheet December 31,2016 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 >v Less: Treasury stock Total stockholders' equity 2. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock