The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows Preferred Stock (896, $100 par noncumulative, 5,000 shares authorized) Common Stock($4 stated value, 300,000 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 (5,000 common shares) $300,000 1,000,000 15,000 480,000 689,000 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 5,000 shares of common stock for $35,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 8% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1 Dec. 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31,2017. Dec. 31 Paid the dividend declared on December 1. (a) Prepare a tabular summary that includes the January 1,2017, balances. Do not include the beginning balance in Retained Earnings in the tabular (b) Record the 2017 transactions in the tabular summary