Weygandt, Accounting Principles, 12e ACC 114/121 (ACC 114/121) ctice Assignment Gradebook ORION Downloadable eTextbook nment FULL SCREEN PRI TER VERSION BACK NEXT Question 1 Dirk Company reported the following balances at December 31, 2016: common stock $402,000, paid-in capital in excess of par value-common stock $107,000, and retained earnings $260,000. During 2017, the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $124,000 for $190,000. 2. Purchased treasury stock (common) for $43,000. 3. Earned net income of $139,000 4. Declared and paid cash dividends of $56,000. Prepare the stockholders' equity section of Dirk Company's December 31, 2017, balance sheet