Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (102,000 shares authorized, 20,400 shares issued) 102,000 Additional paid-in capital 120,000 Retained earnings 495,000 Total $917,000 During 2020, Oriole took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,700 shares of its own outstanding common stock for $41 per share. Oriole uses the cost method. 3. Reissued 600 treasury shares for land valued at $30,400. 4. Issued 480 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $44 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. Prepare journai entries to record the transactions described above. (Creait account tities are automatically indented wnen amount is entered. Do not ingent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit Dividends Payable - Common 40800 Dividends Payable - Preferred 1800 Cash 42600 2. 7 Treasury Stock Treasury Stock 69700 Cash 69700 Cash 30400 Paid-in Capital in Excess of Par - Common Stock 5800 Treasury Stock 24600 Cash 50400 Preferred Stock 48000 Paid-in Capital in Excess of Par - Preferred Stock 24001 Retained Earnings 89760 ommon Stock Dividend Distributable 10200 Paid-in Capital in Excess of Par - Common Stock 79560 In Common Stock Dividend Distributable 10200 TO Common Stock 10200 Retained Earnings 51000 Dividends Payable - Common 44880 Dividends Payable - Preferred 6120 Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $326,000. (Enter account name only .Do not provide any descriptive information.) ORIOLE COMPANY Stockholders' Equity December 31, 2020 Capital Stock Preferred Stock 231000 T Common Stock 111100 Total Capital Stock 342100 Additional Paid-in Capital 205500 TO Total Paid-in Capital 547600 TRetained Earnings 678950 | Total Paid-in Capital and Retained Earnings, 1226550 Less a treasury Stock 45100