Problem 11-5A Grouper Corp. has been authorized to issue 19,600 shares of $100 par value,6%, noncumulative preferred stock and 1,060,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2017, the ledger contained the following balences pertaining to stockholders' equity. Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Valuc Common Stock Treasury Stock (3,600 common shares) Retained Earnings Accumulated Other Comprehensive Income $146,000 20,600 1,940,000 1,470,000 36,000 83,000 48,600 The pre erred stock was issued for $166 600 cash All common stock issued was for cash. In November 3.600 shares of common stock were purchased for the treasury at per share cost of $10 No d dends were declared n 2017 Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.) (1) (2) (3) Issuance of preferred stock for cash. Issuance of common stock for cash. Purchase of common treasury stock for cash. No. Account Titles and Explanation Debit Credit 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2017 GROUPER CORP Partial Balance Sheet