Paragraph Exercise 15-18 Styles Flint Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 2,200 shares issued) $220,000 Common stock, $5 par (100,000 shares authorized, 20,000 shares issued) 100,000 Additional paid-in capital 135,000 Retained earnings 436,000 Total $891,000 During 2020, Flint took part in the following transactions concerning stockholders' equity 1. Paid the annual 2019 $10 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 1,900 shares of its own outstanding common stock for $39 per share. Flint uses the cost method. 3. Reissued 700 treasury shares for land valued at $29,500. 4. Issued 450 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 $46 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $10 per share dividend on preferred stock and the S2 per share dividend on common stock. These dividends are payable in 2021 Don't show me this message again for the assignment elect "No Entry for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit 1. Dividends Payable - Preferred 22000 Credit Dividends Payable - Common 2. Treasury Stock 74100 Cash Land Treasury Stock Unrealized Holding Gain or Loss -Income Cash 48150 Anna Preferred Stock Paid in Capital in Excess of Par-Preferred Stock 5. Retained Earnings 30000 Dividends Payable - Common 10000 Padin Capital in Excess of Par. Common Stock 6. Dividends Payable-Common Retained wings Dividends Payable Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was 152,000. (Enter account name only. Do not provide any descriptive information.) FLINT COMPANY Stockholders' Equity December 31, 2020 Capital Stock Preferred Ste Common Sto Total Capital Stock Additional Paid in Capital Total Paid in Capital ES Retained Ear Total Paid in Capital and Retained Earnings Treasury Sto Total Stockholders' Equity Don't show me this message again for the assignment Click if you would like to Show Work for this question:Open Show Work