Austin Company reports the following components of stockholders' equity at December 31, 2019 Common stock-$10 par value, 110,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $400,000 60,000 330,000 $ 790,000 During 2020, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $23 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the Pebruary 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,500 of its treasury shares at $27 cash per share. Aug. 22 Sold 2,500 of its treasury shares at $20 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 closed the $497,000 credit balance (from net income) in the Income Summary account to Retained Earnings. General General Statement of Stockholders Impact on Requirement Trial Balance Journal Ledger RE Equity Equity Prepare the stockholders' equity section of Austin Corporation's balance sheet as of December 31, 2020. Dates: Jan 01 to: Dec 31 AUSTIN CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital 0 $ 0 Total stockholders' equity