The ledger of Concord Corporation at December 31, 2017, after the books have been closed, contains the following stockholders equity accounts.

The ledger of Concord Corporation at December 31, 2017, after the books have been closed, contains the following stockholders' equity accounts. Preferred Stock (13,800 shares issued) Common Stock (367,000 shares issued) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings $1,393,800 2,569,000 206,000 1,650,000 2,906,000 A review of the accounting records reveals this information 1 Preferred stock is 996, $101 par value no cumulative. Since January 1, 2016, 13,800 shares have been outstand ng 27,500 shares are auth nzed. 2. Common stock is no-par with a stated value of $7 per share; 734,000 shares are authorized 3. The January 1, 2017, balance in Retained Earnings was $2,423,000 4. On October 1, 63,000 shares of common stock were sold for cash at $10 per share S. A cash dividend of $395,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2016 6. Net income for the year was 5878,000 7. On December 31, 2017, the directors authorized disdlosure of a $162,000 restriction of retained earnings for plant expansion. (Use Note A.) Reproduce the Retained Earnings account for the year Retained Earnings SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the stockholders' equity section of the balance sheet at December 31. CONCORD CORPORATION Partial Balance Sheet Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Accumulated Other Comprehensive Loss Allow Bad Debt Expense Buildings Cash Cash Dividends Common Stock Common Stock Dividends Distributable Depreciation Expense Dividends Dividends Payable Equipment Income Summary Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Disposal of Plant Assets Miscellaneous Expense No Entry Notes Payable Other Operating Expenses Paid-in Capital in Excess of Par Value-Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock Prepaid Expenses Prepaid Insurance Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Stock Dividends Supplies Supplies Expense Treasury Stock Unearned Service Revenue Utilities Expense ance for Doubtful Accounts