On January 1, 2020, Sunland Inc. had the following stockholders' equity balances.

Common Stock (470,000 shares issued)	$940,000
Paid-in Capital in Excess of Par-Common Stock	500,000
Common Stock Dividends Distributable	170,000
Retained Earnings	630,000

During 2020, the following transactions and events occurred.

1.		Issued 85,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021.
2.		Issued 42,500 shares of common stock for cash at $4 per share.
3.		Purchased 25,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $113,000.
5.		Sold 6,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $340,000.

Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Sunland Inc. Stockholders' Equity Statement choose the accounting period December 31, 2020For the Year Ending December 31, 2020For the Month Ending December 31, 2020
	Common Stock		Paid-in Capital in Excess of Par - Common Stock		Common Stock Dividends Distributable		Treasury Stock		Retained Earnings		Total
Balances, Jan. 1	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a total amount for this row
Issued 85,000 share for stock dividend	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Issued 42,500 shares for cash	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Purchased 25,000 shares of treasury stock	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Declared cash dividend	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Sold 6,000 shares of treasury stock	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Net income for year	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a total amount for this row
Balances, Dec. 31	$enter a total amount for this column		$enter a total amount for this column		$enter a total amount for this column		$enter a total amount for this column		$enter a total amount for this column		$enter a total amount for this row