Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Blue Spruce Corporation on January 1, 2020, were as follows. Preferred stock (8%, $52 par, 10,500 shares authorized) 442,00 1,350,000 100,000 1,450,000 1,850,000 50,000 Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,000 shares of common stock for $124,000. Apr. 14 Sold 5,900 shares of treasury stock-common for $32,000. Sept. 3 Issued 4,700 shares of common stock for a patent valued at $34,300. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,800. Dec. 31 Determined that net income for the year was $435,0o0. No dividends were declared during the year. 7 Prepare a stockholders equity section at r31, 2020. (Enter the account name only and do not provide the descriptive onp BLUE SPRUCE CORPORATION Balance Sheet (Partial) Equity