P13-4B Stockholders' equity information for two independent companies, Granada Enterprises, Inc.. and Traigon Corp. is as follows: Granada Enterprises, Inc. Granada is authorized to issue 60,000 shares of $5 par common stock. All the stock was issued at $12 per share. The company incurred a net loss of $41,000 in 20X1. It earned net income of $60,000 in 20X2 and $90,000 in 20X3. The company declared no dividends during the three-year period. Traigon Corp. Traigon's charter authorizes the company to issue 10,000 shares of $2.50 preferred stock with par value of $50 and 120,000 shares of no-par common stock. Traigon issued 1,000 shares of the preferred stock at $54 per share. It issued 40,000 shares of the common stock for a total of $220,000. The company's Retained Earnings balance at the beginning of 20X3 was $64,000, and net income for the year was $90,000. During 20X3, the company declared the specified dividend on preferred and a $0.50 per share dividend on common. Preferred dividends for 20X2 were in arrears, t 7 Required For each company, prepare the stockholders' equity section of its balance sheet at December 31, 20X3. Show the computation of all amounts. Entries are not required.