The stockholders' equity section of KMG Corporation's balance sheet on December 31, 2016, was as follows EE(Click the icon to view the balance sheet.) During 2017, the company had the following: (a) Purchased 55,000 shares of its common stock for $1,100,000 (b) Sold 18,000 shares of the treasury stock for $48 per share. (c) Sold 25,000 shares of the treasury stock for $29 per share. the company's balance sheet on December 31, 2017, assuming that the company had net income of $12.000.000 and paid a dividend of $2,10 per share at vear end. Requirement: Prepare the stockholders' equity section Stockholders' Equity Balance 4,500,000 shares authorized, Common Stock 5 par value, Data Table $ 11.250.000 2 250.000 shares issued. Additional Paid-in Capital in Excess of Par Common 7,200,000 729,000 Common Stock 5 par (4.500,000 shares authorized, 2.250,000 shares issued Additional Paid-in Capital from Treasury Stock Transactions $ 11.250.000 and outstanding) $ 19,179,000 Total Contributed Capital 7300200 Additional paid-in capital i excess of par-common 7.200,000 Retained Earnings 26,300,000 26479200 Retained earnings Total $ 44,750.000 $ (240.000 Total Stockholders' Equity Less: Cost of Treasury Stock 12.000 shares at cost 26239200 Total Stockholders' Equity Print Done Choose from any list the input fields and then click Check Answer. r enter any number