Please assist with the following. The required information is attached.

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Prepare the December 31, 2020, stockholders equity section. Assume 2020 net income was $317,000. (Enter account name only .Do not provide any descriptive information.)

Swifty Company reported the following amounts in the stockholders equity section of its December 31, 2019, balance sheet.

Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued)		$180,000
Common stock, $5 par (92,000 shares authorized, 18,400 shares issued)		92,000
Additional paid-in capital		112,000
Retained earnings		462,000
Total		$846,000

During 2020, Swifty took part in the following transactions concerning stockholders equity.

1.		Paid the annual 2019 $9 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 1,500 shares of its own outstanding common stock for $44 per share. Swifty uses the cost method.
3.		Reissued 700 treasury shares for land valued at $31,700.
4.		Issued 540 shares of preferred stock at $106 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $43 per share.
6.		Issued the stock dividend.
7.		Declared the annual 2020 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021.

1. Dividends Payable - Common 36800 Dividends Payable - Preferred 16200 Cash 53000 2. Treasury Stock 66000 Cash 66000 3. Land 31700 Treasury Stock 30800 Paid-in Capital from Treasury Stock 900 4. Cash 57240 Preferred Stock V 54000 Paid-in Capital in Excess of Par - Preferred Stock 3240 5. Retained Earnings 75680 Common Stock Dividend Distributable 8800 Paid-in Capital in Excess of Par-Common Stock 66880 6. Common Stock Dividend Distributable 8800 Common Stock 8800 7. Retained Earnings 59780 Dividends Payable-Common 21060 Dividends Payable - Preferred 38720