Problem 14-5A On January 1, 2017, Shellenburger Inc. had the following stockholders' equity account balances. Common Stock, no-par value (460,000 shares issued) Common Stock Dividends Distributable 1,840,000 194,500 586,500 Retained Earnings During 2017, the following transactions and events occurred. 1. Issued 46,000 shares of common stock as a result of a 10% stock dividend declared on December 15, 2016. 2. Issued 28,350 shares of common stock for cash at $5 per share. 3. Corrected an error that had understated the net income for 2015 by $71,000 4. Declared and paid a cash dividend of $78,050. 5. Earned net income of $256,500