t4-10 Dirk Company reported the following balances at December 31.2013 common P dnck $500,000, paid-in capital in excess of par value-common stock $100.000, and earnings $250,000. During 2014, the following transactions affected stockholder's LO B AP L. Issued preferred stock with a par value of $125,000 for $200,00o treasury stock (common) for $40,000. 3. Earned net income of $180,000. 4. Declared and paid cash dividends of $56,000. Instructions Prepare the stockholders' equity section of Dirk Company's December 31, 2014 ho ledaer of Horner Inc. after the books are