Pearl Corporation has the following capital structure at the beginning of the year: 4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares issued and outstanding Common stock, $10 par value, 60,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity $ 300,000.00 $ 450,000.00 $ 120,000.00 $ 870,000.00 $ 446,000.00 $ 1,316,000.00 Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 1. A total cash dividend of $90,000 was declared and payable to stockholders of record. Record dividends payable on common and preferred stock in separate accounts. 2. A 15% common stock dividend was declared. The average fair value of the common stock is $20 a share. 3. Assume that net income for the year was $139,000 (record the closing entry) and the board of directors appropriated $68,000 of retained earnings for plant expansion. Account Tition and Cynlanation Dobit ( (b). Your answer has been saved. See score details after the due date. Construct the stockholders' equity section incorporating all the above information. PEARL CORPORATION Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Preferred Stock $ 250000 Common Stock 450000 Paid-in Capital from Treasury Stock 700000 Retained Earnings 446000 Total Retained Earnings 1146000 Less $ $ $ $