Part 1 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity A at December 31, 2020. Accumulated Other Comprehensive Loss Common Stock ($5 stated value Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) Retained Earnings Treasury Stock (10,000 shares) at cost $ 125,000 2,800,000 45,000 1,050,000 1,000,000 1,684,000 98,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. The company did not pay a preferred dividend last year. For each class of stock indicate how many shares are issued (1) and outstanding (O). Part 2 Journalize the following transactions for Entity B. Entity B is authorized to issue 1,000,000 shares of $1 par common stock. A. January 1. Issued 600,000 shares at $6 per share. B. March 15. Purchased 5,000 shares for the Treasury at $7 per share. C. October 1. Declared a 75 cent per share dividend to stockholders of record on October 15, 2020, payable on October 31, 2020