29) At the beginning of the year, ABC Company had a retained earnings balance of $100,000. During the year, the company discovered that cost of goods sold was understated by $20,000 in 2018. Net income for 2020 is $40,000, the company declared $10,000 in cash dividends to common shareholders and declared a 10% stock dividend when the market price of the stock was $20. The par value of the stock is $5 a share. The company recognized an unrealized loss on available-for-sale securities. Determine the ending balance of retained earnings at December 31, 2020. 30) XYZ Company issued 10,000 shares of 5% preferred stock with a par value of $5 per share when the market value was $8 per share along with 30,000 shares of no- par common stock with a stated value of $2 per share. The market value of the common stock cannot be determined. The preferred stock and common stock were issued for a lump sum of $200,000. How much of the lump sum should be allocated to APIC-CS