The stockholders' equity section of CDA Corporation's balance sheet on December 31, 2016, was as follows: 2 (Click the icon to view the balance sheet.) During 2017, the company had the following: (a) Purchased 45,000 shares of its common stock for $810,000. (b) Sold 14,000 shares of the treasury stock for $40 per share. (c) Sold 20,000 shares of the treasury stock for $29 per share. Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of $30,000,000 and paid a dividend of $2.00 per share at year end. Balance 5,000,000 shares authorized, Stockholders' Equity Common Stock, $5 par value, 2,500,000 shares issued. Additional Paid-in Capital in Excess of Par - Common $ 12,500,000 7,400,000 528,000 Additional Paid-in Capital from Treasury Stock Transactions The stockholders' equity section of CDA Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of $30,000,000 and paid a dividend of $2.00 per share at year end. Balance 5,000,000 shares authorized, Stockholders' Equity Common Stock, $5 par value, 2,500,000 shares issued. Additional Paid-in Capital in Excess of Par - Common $ 12,500,000 7,400,000 Additional Paid-in Capital from Treasury Stock Transactions 528,000 Total Contributed Capital Retained Earnings $ 20,428,000 4,978,000 Total Less: Cost of Treasury Stock 11,000 shares at cost $ (198,000) Total Stockholders' Equity Data Table Common Stock - $5 par (5,000,000 shares authorized, 2,500,000 shares issued and outstanding) $ Additional paid-in capital in excess of par - common 12,500,000 7,400,000 26,700,000 Retained earnings $ 46,600,000 Total Stockholders' Equity Print Done