i have attempted to fill in some of the info to this question

as for this one, i did the same thing. i did end up getting some of the information wrong in the upper part. i will display the correct answers though, not the weonf answers i submitted.

Bridgeport Corporation is authorized to issue 24.000 shares of $50 par value, 10% preferred stock and 120,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders' equity balances, Preferred Stock (12,000 shares) Paid-in Capital in Excess of Par-Preferred Stock $600.000 66.000 Common Stock (61,000 shares) 305.000 Paid-in Capital in Excess of Par-Common Stock 720,000 Retained Earnings 350,000 During 2020. the following transactions occurred. Feb. 1 Mar. 1 July Issued 2.200 shares of preferred stock for land having a fair value of $122,000. Issued 1,300 shares of preferred stock for cash at $70 pershare. Issued 16,000 shares of common stock for cash at $8 per share. Issued 450 shares of preferred stock for a patent. The asking price of the patent was $32,000. Market price for the preferred stock was 569 and the fair value for the patent was indeterminable. Issued 8.500 shares of common stock for cash at $8.50 per share. Net income for the year was $264.000. No dividends were declared. Sept 1 Dec 1 Dec 31 Journalize the transactions and the closing entry for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Feb. 1 Land 122000 Preferred Stock 7500 Paid-in Capital in Excess of Par-Preferred Stock 225C Mar 1 V Cash 91000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock July 1 v Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Sept. 1 Patents Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par Preferred Stock Dec 1 Cash Common Stock Pald-in Capital in Excess of Par-Common Stock Dec 31 V Income Summary Retained Earnings The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock ( 15.600 shares issued) $780,000 Common Stock ( 253,000 shares issued) 3.795,000 Paid-in Capital in Excess of Par-Preferred Stock 253,000 Paid-in Capital in Excess of Par-Common Stock 386,000 Common Stock Dividends Distributable 379,500 Retained Earnings 885,080 Areview of the accounting records reveals the following. 1 No errors have been made in recording 2020 transactions or in preparing the closing entry for net income. 2 Preferred stock is S50 par, 6%, and cumulative: 15,600 shares have been outstanding since January 1, 2019, 3 Authorized stock is 20,600 shares of preferred, 506,000 shares of common with a $ 15 par value. 4 The January 1 balance in Retained Earnings was $ 1,140,000 5. On July 1, 19,600 shares of common stock were issued for cash at $ 16 per share. 6. On September 1, the company discovered an understatement error of $ 86,600 in computing salaries and wages expense in 2019 The net of tax effect of $ 60,620 was properly debited directly to Retained Earnings. 7 A cash dividend of $379.500 was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2019. 7. A cash dividend of $ 379.500 was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2019. On December 31. a 10%.common stock dividend was declared out of retained earnings on common stock when the market I. price per share was $ 16. 8. 9. Net income for the year was $ 590,000. 10. On December 31, 2020. the directors authorized disclosure of a $ 194,000 restriction of retained earnings for plant expansion. (Use Note X.) (a) Your Answer Correct Answer (Used) Reproduce the Retained Earnings account for 2020. (List items in order presented in the problem.) Retained Earnings Sept. 1 Prior Per Adi 60,620 Jan 1 Balance 1.140,000 Dec 31 Cash Dividends V 379,500 Dec 31 Net Income 590,000 Dec 31 Stock Dividends 404,800 Dec 31 Balance 885.080 Prepare a stockholders equity section at December 31, 2020. (Enter account name only and do not provide descriptive information.) SUNLAND CORPORATION. Partial Balance Sheet December 31, 2020 Stockholders Equity Paid-in Capital Capital Stock Preferred Stock $ Common Stock $ Common Stock Dividends Distributable Total Capital Stock > Additional Pald-in Capital Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Total Additional Paid-in Capital Paid-in Capital Capital Stock Preferred Stock $ Common Stock $ Common Stock Dividends Distributable Total Capital Stock Additional Pad-in Capital Paid-in Capital in Bress of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Total Additional Paid-in Capital Total Pald in Capital > Retained Emines Total Liabilities and Stockholders' Eauity $