[The following information applies to the questions displayed below.]

Prairie Corp. completed the following transactions in 2014, the first year of operation:

1.	Issued 18,000 shares of $12 par common stock at par.
2.	Issued 2,000 shares of $31 stated value preferred stock at $33 per share.
3.	Purchased 500 shares of common stock as treasury stock for $18 per share.
4.	Declared a 5 percent cash dividend on preferred stock.
5.	Sold 300 shares of treasury stock for $21 per share.
6.	Paid the cash dividend on preferred stock that was declared in Event 4.
7.	Earned revenue of $73,200 and incurred operating expenses of $38,350.
8.	Appropriated $5,500 of retained earnings.

Organize the transaction in accounts under an accounting equation.

.	Prepare the stockholders equity section of the balance sheet as of December 31, 2014.

PRAIRIE CORP Accounting Equation for the Year 2014 Stockholders' Equity Paid-In CapitalPaid-In Capital in +in ExcessExcess Treasury Assets Liabilities Accounts Titles for Retained Earnings Appropriated Appropriated RetainedRetained Earnings Event Dividend Payable Preferred Stock Common + Treasury Stock Cash Stock Preferred Stock Stock Earnings 2. 3. 5. 7a. 7b Totals