VERSION BACK NEXT Problem 15-1 On January 5, 2017, Whispering Corporation received a charter granting the right to issue 5,300 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 46,700 shares of $10 par value common stock. It then completed these transactions Jan. 11 Issued 20,000 shares of common stock at $17 per share. Feb. 1 Issued to Sanchez Corp. 4,400 shares of preferred stock for the following assets: equipment with a fair value of $47,300; a factory building with a fair value of $161,000; and land with an appraised value of $253,000 July 29 Purchased 2,000 shares of common stock at $16 per share. (Use cost method.) Aug. 10 Sold the 2,000 treasury shares at $14 per share. Dec. 31 Declared a 50.50 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the income Summary account. There was a $169,700 net income. Your answer is correct CALCULATOR PRINTER VERSION 4 BACK Prepare the stockholders' equity section of Whispering Corporation's balance sheet as of December 31, 2017. (Enter account name only and do not provide descriptive information.) WHISPERING CORPORATION Stockholders' Equity December 31, 2017 Capital Stock Common Stock Preferred Stock Total Capital Stock E Additional Pald-in Capital Paid-in Capital in Excess of Par - Common Stock Paid in Capital in Excess of Par - Preferred Stock Rotindaming Total Shoes