Prepare the liability and the stockholders equity section of Cleve's balance sheet at December 31, 2020 including disclosures. Given the information above.

Cleves Corporatiorn Post-Closing Trial Balance December 31, 2020 Account Debit Credit 310,000 Accounts Payable Accounts Receivable Accumulated Depreciation Building.s Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Allowance for Doubtful Accounts Bonds Payable, 8% due 2025 Buildings Cash Common Stock ($1 par) Discount on Bonds Payable Dividends Payable (preferred stock - cash) Inventory Land Other Comprehensive Income (Loss) Preferred Stock ($50 par) Prepaid Expenses $480,000 185,000 1,300,000 160,000 30,000 300,000 1,450,000 190,000 200,000 12,000 4,000 560,000 400,000 19,000 500,000 40,000 Prepaid Expenses Retained Earnings Treasury Stock (Common, at Cost) 40,000 332,000 170,000 _ Totals 3,321,000 3,321,000 At December 31,2020, Cleves had he following number of common and preferred shares. Preferred Common 60,000 10,000 Authorized 600,000 Outstanding190,000 The dividends on preferred stock are 8% cumulative. In addition, preferred stock has a preference in liquidation of $50 per share. Instructions: Prepare the liability and the stockholders' equity section of Cleve's balance sheet at December 31, 2020 in "good" form including disclosures