Problem 14-02Aa-c The post-closing trial balance of Storey Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock (15,000 shares issued) Common Stock (250,000 shares Issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $750,000 2,500,000 250,000 400,000 250,000 1,042,000 A review of the accounting records reveals the following 1. No errors have been made in recording 2020 transactions or in proparing the closing entry for net income. 2. Preferred stock is $50 par, 6%, and curmulative; 15,000 shares have been outstanding since laniery 1,2019. 3. Authorized stock is 20,000 shares of preferred, 500,000 shares of common with a $10 par value 4. The January 1 balance in Retained Earnings was $1,170,000. 5. On July 1, 20,000 shares of common stock were issued for cash at $16 per share 6. on September I, the company discovered an understaterment error of $90,000 m conputing sualaries and wages oxpense in 2019. The set of taox offect of $63,000 was property . A cash dividend of $250,000 was declared and property allocated to preferred and common stock on October 1. No dividends were pold to preferred stockholders in 2019 8 On December 31, n 10% connnon stock dividend was declared out of retained earnings on cornmon stock when the market price per share was si debited diredtly to Retained Earnings 9 Net income for the year was $585,000 10 On December 31, 2020, the directors authorized disclosure of a $200,000 restisction of retained earnings for plant expansion (Use Noto X.) Reproduce the Retained Earnings account for 2020,(List items in order presented in the problem) Reproduce the Retained Earnings account for 2020. (List items in order presented in the problem.) Retained Earnings SHOW LIST OF ACCOUNTS STOREY CORPORATION. Partial Balance Sheet