Bridgeport Corporation is authorized to issue 23,000 shares of $50 par value, 10% preferred stock and 125,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders' equity balances. Preferred Stock (12,000 shares) $500,000 Paid-in Capital in Excess of Par-Preferred Stock 69,500 Common Stock (64,500 shares) 322,500 Paid-in Capital in Excess of Par-Common Stock 680,000 Retained Earnings 260,000 During 2020, the following transactions occurred. 13 Feb. 1 Issued 1,900 shares of preferred stock for land having a fair value of $126,000. Mar. 1 Issued 1,300 shares of preferred stock for cash at $70 per share. July 1 Issued 16,000 shares of common stock for cash at $8 per share. Sept. 1 Issued 450 shares of preferred stock for a patent. The asking price of the patent was $32,000. Market price for the preferred stock was $71 and the fair value for the patent was indeterminable. Dec. 1 Issued 8,250 shares of common stock for cash at $8.50 per share. Dec. 31 Net income for the year was $257,000. No dividends were declared. Prepare a stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT CORPORATION Balance Sheet (Partial) SA