On January 5, 2020, Monty Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 51,500 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Feb. 1 July 29 Aug. 10 Dec. 31 Issued 19,400 shares of common stock at $18 per share. Issued to Sanchez Corp. 3,700 shares of preferred stock for the following assets: equipment with a fair value of $49,200; a factory building with a fair value of $156,000; and land with an appraised value of $269,000. Purchased 2,000 shares of common stock at $16 per share. (Use cost method.) Sold the 2,000 treasury shares at $14 per share. Declared a $0.30 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $168,700 net income. Dec. 31 MUNTY CORPORATION Stockholders' Equity $ $ $