The stockholders' equity accounts of Pina Colada Corp. on January 1, 2017, were as follows. During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,540 shares of common stock for $27,240. Mar. 20 Purchased 1,450 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.65 per share cash dividend to common stockholders of record on December 15 , payable December 31,2017. Dec. 31 Determined that net income for the year was $276,600. Paid the dividend declared on December 1. Prepare the stockholders' equity section of the balance sheet at December 31,2017. The stockholders' equity accounts of Pina Colada Corp. on January 1, 2017, were as follows. During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,540 shares of common stock for $27,240. Mar. 20 Purchased 1,450 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.65 per share cash dividend to common stockholders of record on December 15 , payable December 31,2017. Dec. 31 Determined that net income for the year was $276,600. Paid the dividend declared on December 1. Prepare the stockholders' equity section of the balance sheet at December 31,2017