Stockholders' Equity (December 31, 2816) Common stock-$4 par value, 100,000 shares Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity authorized, 40,000 shares issued and outstanding $160,ee0 120,000 320,000 $600,000 Part 1 of 5 0 points Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) $189,600 179,200 400,00 768,800 (30,000) $738,800 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10