Flounder Corporation's post-closing trial balance at December 31, 2020, is shown as follows. Cr. $ 405,100 195,000 FLOUNDER CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. Accounts payable Accounts receivable $ 513,000 Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings 1,489,000 203,000 Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory 579,000 Land 392,000 Preferred stock ($50 par) Prepaid expenses 42,000 Retained earnings Treasury stock (common at cost) 181,000 Totals $3,399,000 1,310,000 150,000 27,000 292,000 Cash 195,000 3,900 550,000 271,000 $3,399,000 At December 31, 2020, Flounder had the following number of common and preferred shares. Authorized Issued Outstanding Common 585,000 195,000 164,000 Preferred 66,000 11,000 11,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Flounder's balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information.) FLOUNDER CORPORATION Stockholders' Equity