The shareholders equity section of the consolidated balance sheet of Perry Corporation appeared as follows at the beginning of the year. Common stock, $1.00 par value $ 100,000 Additional paid-in-capital 1,200,000 Convertible preferred stock, no par value 800,000 Retained deficit (600,000) Treasury stock (250,000) Sharholders' equity $1,250,000 The following transactions occurred during the year: Generated net income of $100,000. Paid cash dividends of $180,000. Issued a ten percent common stock dividend; the fair value of the stock was $9 per share at this time. Declared and issued a 2-for-1 forward stock split. Converted 10,000 shares of convertible preferred stock with a book value of $250,000 into 25,000 shares of common stock. Prepare the shareholders equity section of the balance sheet of Perry Corporation at year-end. Use negative signs with answers that reduce the balance and/or a Total that reduces the overall balance of the Shareholders' equity. Transaction Common Stock at Par Additional Paid-in-Capital Preferred Stock, No-Par Retained Earnings Treasury Stock Beginning Balance $ 100,000 $ 1,200,000 $ 800,000 $ (600,000) $ (250,000) 1 Answer 0 Answer 0 Answer 0 Answer 100,000 Answer 0 2 Answer 0 Answer 0 Answer 0 Answer (180,000) Answer 0 3 Answer 10,000 Answer 9,000 Answer 0 Answer 90,000 Answer 0 4 Answer 0 Answer 0 Answer 0 Answer 0 Answer 0 5 Answer 12,500 Answer 237,500 Answer (250,000) Answer 0 Answer 0 Total $ Answer 122,500 $ Answer 1,560,000 $ Answer 550,000 $ Answer (840,000) $ Answer (250,000)