(b) Prepare the stockholders' equity section of the balance sheet for Pina Colada Corp. at December 31, 2020. Assume that net income for the year was $169,000 and that no dividends were declared. (Enter account name only and do not provide descriptive information.) PINA COLADA CORP. Balance Sheet (Partial) > > (a) Your answer has been saved. See score details after the due date. Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 18 Cash Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Aug. 20 Treasury Stock Cash Debit 1978000 500000 Credit 860000 1118000 500000 Attempts: 1 of 1 used The stockholders' equity section of Pina Colada Corp. balance sheet at December 31, 2019, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized; 320,000 issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity $3,200,000 1,280,000 4,480,000 910,000 $5,390,000 During 2020, the following stock transactions occurred: Jan. 18 Issued 86,000 shares of common stock at $23 per share. Aug. 20 Purchased 20,000 shares of Pina Colada Corp. common stock at $25 per share to be held in the treasury