i just need help with balances in the accounts

Problem 13-04A a-c (Part Level Submission) (Video) oladaCorpo at on southorized to sue 22,000 shares or sso per value, 10% preferred stock and 120,000 shares or ss par va contained the ecommon stock. On January 1, 202, the leper follewing stockholders' equity balances nc Preferred Stock (12,000 shares) $600,000 Paic -in Capital in Excess of Par-Preferred Stock 1,000 Common Stock (66,000 shares) 330,000 Paid-in Capital in Excess of Par- Common Stock 740,000 270,000 During 2020, the tollowing transactions occurred Feb. 1 Issued 1,900 shares of preferred stock for land having a fair value of 120,000 Mar. 1 Issued 1,000 shares of preferred stock for cash at $70 per share. uly 1 lssued 15,500 shares of common stock for cash at 58 per share Issued 7,750 shares of common stock for cash at $8.50 per shere Net income for the year was S257,000. No dividends were declared. Dec. 1 , ES Date Account Titles and Explanation Deblt 120000 Feb. 1 Land 95000 Preferred Stock 25000 Paid-in Capital in Excess of Par-Preferred Stock 70000 Mar. 1 v Cash Study Preferred Stock 50000 Paid-in Capital in Excess of Par-Preferred Stock 20000 uly 1 TCash 124000 Common Stock 77500 Paid-in Capital in Excess of Par-Common Stock 46500 Sept. 1-|Patents 24850 Preferred Stock 17500 Paid-in Capital in Excess of Par-Preferred Stock 7350 20000 Paid-in Capital in Excess of Par-Preferred Stock July 1 Cash 124000 Common Stock 77500 Paid-in Capital in Excess of Par-Common Stock 46500 Sept. 1Patents 24850 Preferred Stock 17500 Paid-in Capital in Excess of Par-Preferred Stock 7350 Dec. 1 |Cash 65875 307:2 Common Stock 38750 Paid-in Capital in Excess of Par-Common Stock 27125 Dec. 31 Income Summary 257000 Retained Earnings 257000 Click if you would like to Show Work for this question: Open Show Work Preferred Stock Common Stock Pald-in Capital In Excess of Par-Preferred Stock Paia-In capital in Excess or rarererrea stoCK Pald-in Capital In Excess of Par-Common Stock Retalned Earnings lck If you would ike to Show Work for this question: Open Show Work