LO3 E18.15 Prepare the ba ers' equity: LO 3 E18.16 Webber Company has provided you with the following information concerning its sharehold- Common stock, $1 par value, 1,000,000 shares authorized, 650,000 shares issued, 600,000 shares outstanding. The average paid-in capital in excess of par was $30 per share when the shares were issued. Preferred stock, $100 par value, 500,000 shares authorized, 350,000 shares issued and out- standing. There is no additional paid-in capital on preferred shares. The preferred stock pays a 6 percent dividend and is cumulative. The beginning balance of retained earnings was $1,455,000. Dividends were declared during the year. The common stock dividend was $1.50 per share. The net income for the period was $5,980,500. Treasury stock was purchased during the year for $20 per share. Prepare the shareholders' equity section of the balance sheet for Webber