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Can you help me solve this? Fill in the amount that would appear in the stockholders' equity section for Sunland Company at December 31, 2020,
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Fill in the amount that would appear in the stockholders' equity section for Sunland Company at December 31, 2020, for the following items: 1. Common stock 2. Number of shares outstanding 3. Par value per share 4. Paid-in capital in excess of par 5. Retained earnings 6. Total stockholders' equity Account Titles and Explanation Debit _ Credit Date 6/30/17 Stock Dividends 221850 Common Stock Dividends Distributable 130500 Paid-in Capital in Excess of Par Value-Common St 91350 7/15/17 No Entry No Entry Common Stock Dividends Distributable Common Stock 130500 - No Entry No Entry No Entry No Entry Sunland Company's stockholders' equity section at December 31, 2019, appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 87,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity $870,000 162,000 $1,032,000 156,000 $1,188,000 On June 30, 2020, the board of directors of Sunland Company declared a 15% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Sunland Company's stock on June 30, 2020, was $17. On December 1, 2020, the board of directors declared a 2-for-1 stock split effective December 15, 2020. Sunland Company's stock was selling for $18 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $224,000 and there were no cash dividends declaredStep by Step Solution
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