The stockholders equity accounts of Swifty Corporation on January 1, 2017, were as follows.

Preferred Stock (8%, $100 par noncumulative, 4,100 shares authorized)		$246,000
Common Stock ($4 stated value, 331,000 shares authorized)		1,103,333
Paid-in Capital in Excess of Par ValuePreferred Stock		12,300
Paid-in Capital in Excess of Stated ValueCommon Stock		529,600
Retained Earnings		689,000
Treasury Stock (4,100 common shares)		32,800

Problem 11-2A The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,100 shares authorized) Common Stock ($4 stated value, 331,000 shares authorized1,103,333 Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value Common Stock Retained Earnings Treasury Stock (4,100 common shares) $246,000 12,300 529,600 689,000 32,800 During 2017, 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 5,020 shares of common stock for $35,140 Purchased 1,800 additional shares of common treasury stock at $7 per share. Declared a 8% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Determined that net income for the year was $275,600. Paid the dividend declared on December 1