Problem 11-5A (Part Level Submission) whispering winds Corp. has been authorized to issue 20,600 shares of $100 par value, 7%, noncumulative preferred stock and 1,160,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity. $156,000 21,600 1,990,000 1,570,000 46,000 83,600 49,600 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Treasury Stock (4,600 common shares) Retained Earnings Accumulated Other Comprehensive Income The preferred stock was issued for $177,600 cash. All common stock issued was for cash. In November 4,600 shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2017. WHISPERING WINDS CORP Partial Balance Sheet Stockholders' Equity Paid-in Capital 333600 Preferred Stock 46191 Paid-in Capital in Excess of Par Value-Preferred S 379791 Total Paid-in Capital Common Stock 2060000 1625226 Paid-in Capital in Excess of Stated Value-Co 4065017 Total Paid-in Capital 83600 Retained Earnings Total Paid-in Capital and Retained Earnings 4148617 Accumulated Other Comprehensive Income 49600 Less 46000 Treasury Stock 4152217 Total Stockholders' Equity Click if you would like to Show Work for this