On January 5, 2020, Martinez Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 20,900 shares of common stock at $16 per share. Feb. 1 Issued to Sanchez Corp. 3,700 shares of preferred stock for the following assets: equipment with a fair value of $49,900; a factory building with a fair value of $147,000; and land with an appraised value of $256,000. July 29 Aug. 10 Purchased 2,000 shares of common stock at $15 per share. (Use cost method.) Sold the 2,000 treasury shares at $13 per share. Dec. 31 Declared a $0.40 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a $179,600 net income. Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement. Round answers to O decimal places, eg. $5,275.) Date Account Titles and Explanation Debit Credit Jan. 11 V Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Feb. 1 Equipment Buildings Land Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock July 29 Treasury Stock Cash Aug. 10 Cash Retained Earnings Treasury Stock Dec. 31 V Retained Earnings Dividends Payable Dec. 31 Income Summary Retained Earnings 334,400 49,900 147,000 256,000 30,000 26,000 4,000 34,260 179,600 209,0 125,4 370,0 82.9 30.0 30.0 34,2 179, Prepare the stockholders' equity section of Martinez Corporation's balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.) MARTINEZ CORPORATION Stockholders' Equity > > > $ $ $