The stockholders' equity section of VAN Corporation's balance sheet on December 31, 2016, was as follows: (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 $880,000 (b) Sold 20,000 shares of the treasury stock for $42 per share. (c) Sold 21,000 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 $1.70 per share at year end Stockholders' Equlty Common Stock, $6 par value, Balance Data Table 3,500,000 shares authorized, 1,750,000 shares issued Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from $10,500,000 7,400,000 Common Stock $6 par (3,500,000 shares authorized, 1.750,000 shares issued Treasury Stock Transactions $ 10,500,000 7,400,000 26,700,000 $ 44,600,000 Total Contributed Capital Additional paid-in capital in excess of par common Retained Earnings Retained earnings Total Less: Cost of Treasury Stock Total Stockholders Equity Total Stockholders' Equity shares at cost Print Done