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Your answer is partially correct. Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) SUNLAND CORPORATION Partial Balance Sheet March 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock Common Stock $ 1,450,000 Retained Earnings 476,000 Total Stockholders' Equity $ 974000 e Textbook and Media 11 Show Attempt History Current Attempt in Progress On January 1, 2020, Sunland Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings $1,450,000 476,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Mar. 1 Apr. 1 July 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share. Issued the shares for the stock dividend. 31 Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $331,000