Question: Problem 11-6A On January 1, 2017, Marin Inc. had these stockholders' equity balances. Common Stock, $1 par (3,000,000 shares authorized, 640,000 shares issued and outstanding)

Problem 11-6A On January 1, 2017, Marin Inc. had these stockholders' equity balances. Common Stock, $1 par (3,000,000 shares authorized, 640,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $640,000 1,560,000 697,000 63,000 During 2017, the following transactions and events occurred 1. Issued 51,500 shares of $1 par value common stock for $5 per share 2. Issued 63,000 shares of common stock for cash at $6 per share. 3. Purchased 21,700 shares of common stock for the treasury at $3.75 per share. 4. Declared and paid a cash dividend of $156,000. 5. Earned net income of $446,500. 6. Had other comprehensive income of $16,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. MARIN INC Partial Balance Sheet
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