Flounder 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, 1,800 shares issued) $180,000 Common stock, $5 par (101,000 shares authorized, 20,200 shares issued) 101,000 Additional paid-in capital 119,000 Retained earnings 447,000 Total $847,000 During 2020, Flounder 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 1,500 shares of its own outstanding common stock for $37 per share. Flounder uses the cost method. 3. Reissued 700 treasury shares for land valued at $28,400. 4. Issued 500 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $48 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. Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $325,000. (Enter account name only .Do not provide any descriptive information.) FLOUNDER COMPANY Stockholders' Equity December 31, 2020 Capital Stock Preferred Stock $ 230000 Common Stock Total Capital Stock 10000 Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity $