Please answer properly Capital Northeast Corporation's post-closing trialbalance at December 31, 2017, was as follows.CAPITAL NORTHEAST CORPORATIONPosr-CLOSING TAL BALANCEDnenMBEn y1, 2017Dr.Cr.$ 668,000Accounts payableAccounts reccivable$605,000Accumulated depreciation-equipmentAdditional paid-in capital commonIn excess of par valueFrom sale of treasury stockAllowance for doubiful accountsEquipment450,0001,00,00035,00020,0006,800,000260,000CashCommon stock ($1 par value)Dividends payable on common stock-cashInventoriesInvestmentsPreferred stock ($100 par value)Prepaid insuranceRetained eamingsTreanury stock common at costTotals500,00050,000750 002,500,006,500,00065,000982,000125,000$11,105,JKOS11,105,000At December 31, 2017, Capital Northeast had the following number of commen and preferred shares.CommonPreferredAuthorized2,500,000500,000490,0001,000,00065 X0065,000IssuedOutstandingThe dividends on preferned stock are 6% cumulative. In addition, the preferred stock has a preference in liquidation of $102 per share.InstructionsPrepare the stockholders' equity section of Capital Northeast's balance sheet at December 31, 2017.(AICPA adanted)

Stockholder's equity is one of section which can be find under the statement of financial position…

Capital Northeast Corporation's post-closing trial balance at December 31, 2017, was as follows. CAPITAL NORTHEAST CORPORATION Posr-CLOSENG THIAL BALANCE DrerMBER , 2017 Dr. Cr. S 668,000 Accounts payable Accounts recuivable Aceumulated depreciation-equipment Additional paid in capital- common In excesn of par value Prom sale of treasury stock Allowance for doubiful accounts $605,000 450,000 1,000,000 35,000 20,000 6,800,000 Eiquipment Cash Common stock ($1 par value) Dividends payable on common stock-canh Inventories S00,000 50,000 750 00 Investments Proferred stock (S100 par value) Prepaid insurance Retained earnings Treasury stock common at cost 6,500,000 65,000 982,000 125,000 Totals S11,105/0 S11,105,000 At December 31, 2017, Capital Northeast had the following number of common and preferred shares. Common Preferred Authorized Issued 2,500000 1,00,000 500,000 490,000 65,000 Outstanding The dividernds on prefervd stock arv 6% cumulative. In addition, the preferred stuck hav a preferenoe in liquidation of $102 per share, Instructions Prepare the stockholders' equity section of Capital Northeast's balance sheet at December 31, 2017.