Problem 13-03A a-c (Video) The stockholders' equity accounts of Pronghorn Corporation on January 1, 2020, were as follows. I Preferred Stock (8%, $52 par, 10,000 shares authorized) $390,000 1,300,000 105,000 1,500,000 1,800,000 44,000 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 (11,000 common shares) Dring 2020, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 24,000 shares of common stock for $124,000. Apr. 14 Sold 5,500 shares of treasury stock-common for $33,400 Sept. 3 Issued 4,900 shares of common stock for a patent valued at $34,000. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $6,100. Dec. 31 Determined that net income for the year was $435,000. alance 15 Treasury Stock Date Explanation Ref. Debit Credit Balance 11 Balance 15 Prepare a stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive Information PRONGHORN CORPORATION