Below is a portion of Company X's Balance Sheet as of December 31, 2016
| Common Stock, Par Value $1; Authorized Shares 25,000; Shares Issued and Outstanding 2,000 |
2,000 |
| Additional Paid in Capital |
1,110 |
| Retained Earnings |
14,455 |
| Total Stockholder's Equity |
17,565
|
2017 Events:
1,200 Shares of common stock were issued for $2,000
Dividends were declared but UNPAID in the amount of 1375
Bobcat Realty re-purchased $500 of its own stock at par value
Revenues for 2017 were 147,560
Expenses for 2017 were 119,350
a. Construct the Statement of Stockholders' Equity for 2017
b. Show any adjusting journal entries