Pina 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, 2,000 shares issued) $200,000 Common stock, $5 par (107,000 shares authorized, 21,400 shares issued) 107,000 Additional paid-in capital 127,000 Retained earnings 491,000 Total $925,000 During 2020, Pina 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 1,800 shares of its own outstanding common stock for $41 per share. Pina uses the cost method. 3. Reissued 800 treasury shares for land valued at $33,700. 4. Issued 520 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 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount Sentered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit No. Account Titles and Explanation 1. Dividends Payable - Preferred 20000 Dividends Payable - Common 42800 Cash 62800 2. Treasury Stock 73800 Cash 73800 3. Land 33700 Treasury Stock 32800 Paid-in Capital from Treasury Stock 900 4. Cash > 54600 Preferred Stock 152000 Pald-in Capital in Excess of Par. Preferred Stock 2600 5. 89760 Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par - Common Stock 10200 79560 6. Common Stock Dividend Distributable 10200 Common Stock 10200 2600 Paid-in Capital in Excess of Par-Preferred Stock 5. Retained Earnings 89760 10200 Common Stock Dividend Distributable 79560 Paid-in Capital in Excess of Par. Common Stock 6. 10200 Common Stock Dividend Distributable 10200 Common Stock 7. Retained Earnings Dividends Payable - Preferred Dividends Payable - Common e Textbook and Media List of Accounts Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $354,000. (Enter account name only .Do not provide any descriptive information) PINA COMPANY Stockholders' Equity December 31, 2020 Capital Stock Preferred Stock $ Common Stock Total Capital Stock Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and retained Earnings Less Treasury Stock Total Stockholders' Equity $