HEADLAND CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Dr. Cr. $166,200 $ 503,000 181,000 1,318,000 175,000 Allowance for doubtful accounts 30,000 Bonds payable 322,000 Buildings 1,344,000 Cash 194,000 Common stock ($1 par) 180,000 Dividends payable (preferred stock-cash) 3,800 Inventory 535,000 Land 361,000 Preferred stock ($50 par) 500,000 Prepaid expenses 37,000 Retained earnings 279,000 Treasury stock (common at cost) 181,000 Totals $3,155,000 $3,155,000 At December 31, 2020, Headland had the following number of common and preferred shares. Authorized Issued Outstanding Common 540,000 Preferred 60,000 180,000 10,000 174,000 10,000 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 Headland's balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information.)