(b) Prepare the stockholders' equity section of Monty Corporation's balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.) MONTY CORPORATION Stockholders' Equity Capital Stock December 31.2020 Preferred Stock Total Capital Stock Additional Paid-in Capital HW1-Chapter 15 Question 7 of 19 < > 12.5/25! Total Capital Stock Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ eTextbook and Media List of Accounts Save for Later Last saved 3 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take unto 10 minuter Attempts: 0 of 3 used Submit Answer 1-Chapter 15 Question 7 of 19 View Policies Show Attempt History < > Current Attempt in Progress 12.5/25 On January 5, 2020, Monty Corporation received a charter granting the right to issue 5,200 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 51,700 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 19,800 shares of common stock at $15 per share. Feb, 1 Issued to Sanchez Corp. 3,900 shares of preferred stock for the following assets: equipment with a fair value of $49,200; a factory building with a fair value of $160,000; and land with an appraised value of $297,000. July 29 Purchased 1,800 shares of common stock at $19 per share. (Use cost method.) Sold the 1,800 treasury shares at $15 per share. Aug. 10 Dec. 31 Dec. 31 Closed the Income Summary account. There was a $163,800 net income. Declared a $0.50 per share cash dividend on the common stock and declared the preferred dividend. (a) Your answer is correct. Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered