Bonita Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (98,500 shares authorized, 19,700 shares issued) 98,500 Additional paid-in capital 135,000 Retained earnings 479,000 Total $912,500 During 2020, Bonita took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019 2. Purchased 1,600 shares of its own outstanding common stock for $43 per share. Bonita uses the cost method. 3. Reissued 800 treasury shares for land valued at $36,200. 4. Issued 530 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. No. Account Titles and Explanation Debit Credit Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $316,000. (Enter account name only.Do not provide any descriptive information.) BONITA COMPANY Stockholders' Equity