The stockholders' equity accounts of Flint Corporation on January 1, 2017, were as follows Preferred Stock (8%, 5100 par noncumulative. 4,950 shares authorized) $297,000 Common Stock ($4 stated value, 321,000 shares authorized) 1,070,000 Paid-in Capital in Excess of Par Value-Preferred Stock 14850 Paid-in Capital in Excess of Stated Value-Common Stock 513,600 Retained Earnings 686,500 Treasury Stock (4,950 common shares) 39.600 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 4,950 shares of common stock for $29.700. Mar 201 Purchased 1.400 additional shares of common treasury stock at $7 per share Oct 3 Nov 1 Dec 4 Declared a BS cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1 Declared a $0.60 per share cash dividend to common stockholders of record on December 15.payable December 31, 2017.