The stockholders' equity accounts of Sheridan Corporation on January $1,2027,$ were as follows.

Preferred Stock $(6\%,$ $$100$ par noncumulative, $5,800$ shares authorized$)$

$$348,000$

Common Stock $($$$4$ stated value, $308,000$ shares authorized$)$

Paid$-$in Capital in Excess of Par Value$-$Preferred Stock

Paid$-$in Capital in Excess of Stated Value$-$Common Stock

Retained Earnings

Treasury Stock $(5,800$ common shares$)$

$985,600$

$17,400$

$492,800$

$705,000$

$46,400$

During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb.

$1$

Mar. $20$

Oct. $1$

Nov.

$1$

Dec.

$1$

Dec. $31$

Issued $5,800$ shares of common stock for $$34,800.$

Purchased $2,800$ additional shares of common treasury stock at $$9$ per share.

Declared a $6\%$ cash dividend on preferred stock, payable November $1.$

Paid the dividend declared on October $1.$

Declared a $$0\mathrm{.}65$ per share cash dividend to common stockholders of record on December $15,$ payable December $31,$

$2027.$

Paid the dividend declared on December $1.$

$($a$)$ Prepare a tabular summary that includes the January $1,2027,$ balances. Do not include the beginning balance in Retained

$($b$)$ Record the $2027$ transactions in the tabular summary.

Include margin explanations for the changes in revenues and expenses. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Increases in Discount on Bonds Payable require a negative sign or parentheses.

Increases in Treasury Stock require a negative sign or parentheses.