2. The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding their decision-making process. They assume that the company will be formed on January 1, 2020 and that Mulatto Company's charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company's journal entries and statement of owner's equity based on the following information which is grouped according to your surname name initial. (Hint!!!! Example surname Manuel will use the initial M and that person should only use the info presented in line with the heading with their surname initial. You are not allowed to use info associated other initials other than that of your own as this will result in the forfeiture of the grade.) Issued $ 5,000 shares of common stock. Stock has par value of $ 0.01 per share and was issued at $ 30.00 per share. Issued $ 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged $ 100,000 shares of common stock for land with an appraised value of $ 250,000.00 and a building with an appraised value of $ 450,000.00 Issued $ 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged $ 100,000 shares of common stock for land with an appraised value of $ 250,000.00 and a building with an appraised value of $ 450,000.00 Earned Net income $ 500,000.00. Paid dividends to preferred shareholders as well as $2 per share to common stockholders. Using the info above and as a guide: B. Prepare Mulatto Company's Stockholders equity section of the balance sheet at December 31, 2020. (Hint!!!!!!!) The following information must be clearly stated/shown: information on par values, the number of shares authorized and issued where necessary. the sub total for the total paid in capital. Retained earnings. total stockholders' equity