Following is the stockholders' equity section of Lewis Corporation's balance sheet on December 31, 2019. STOCKHOLDERS' EQUITY $ 400,000 150,000 Contributed capital: Preferred stock, 9%, $100 par (8,000 shares authorized, 4,000 shares issued and outstanding) Common stock, $5 par (50,000 shares authorized, 30,000 shares issued and outstanding) Common stock subscribed, $5 par (3,000 shares at a subscription price of $34 per share) Additional paid-in capital on preferred stock Additional paid-in capital on common stock 15,000 64,000 350,000 Total contributed capital $ 979,000 Retained earnings 440,000 $1,419,000 Total contributed capital and retained earnings Less: Treasury stock (500 shares of common at $22 per share) (11,000) Total stockholders' equity $1,408,000 During 2020, the following transactions occurred: 2,000 shares of common stock were issued for cash at $25 per share. 750 shares of preferred stock were issued for cash at $124 per share. 400 shares of treasury stock were reissued for cash at $25 per share. The final payments on the subscribed common stock were received, and 3,000 shares of common stock were issued. On July 1, 2020, Lewis purchased equity securities for $50,000 and classified them as available for sale. The fair value of these securities was $60,000 on December 31, 2020. Net income for 2020 was $228,000 and total dividends paid were $81,000. orporation Statement of Changes in Stockholder's Equity For Year Ended December 31, 2020 Preferred Stock Shares Issued Common Stock Additional Paid-in Capital Shares Preferred Common Treasury Issued Par Value Subscribed Stock Stock X $ X $ X $ 75,000 X $ Explanation Par Value Stock Balances 1/1/2020 10,000 X $ 350,000 X Issued for cash (common) Issued for cash (preferred) Reissued treasury stock Issued subscribed stock Unrealized increase in value of available-for-sale securities Net income Cash dividends Balances 12/31/2020 X $ Corporation Statement of Changes in Stockholder's Equity For Year Ended December 31, 2020 Common Stock Additional Paid-in Capital es Preferred Common Treasury ed Par Value Subscribed Stock Stock Stock Retained Earnings Accum. Other Treasury Compr. Income Stock (cost) X $ X $ X $ 75,000 X $ X $ X $ X x X $ X $ X $ X $ X $