Problem 11-6A Your answer is partially correct. Try again. On January 1, 2017, Kingbird, 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 1,580,000 683,000 62,000 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 56,500 shares of common stock for cash at $6 per share. 3. Purchased 14,100 shares of common stock for the treasury at $3.70 per share. 4. 5. 6. Declared and paid a cash dividend of $217,000. Earned net income of $438,000. Had other comprehensive income of $17,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017. KINGBIRD, INC. Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income Less Treasury Stock Total Stockholders' Equity