PROBLEM 2 The following stockholders' equity accounts arranged alphabetically are in the ledger of Westin Corporation at December 31, 2020. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Par-Preferred Stock 42,400 Paid-in Capital in Excess of Stated ValueCommon Stock 690,000 Preferred Stock (8%, $100 par, noncumulative) 360,000 Retained Earnings 776,000 Treasury Stock Common (7,000 shares) 92,000 INSTRUCTIONS: a. In good form, prepare a stockholders' equity section at December 31, 2020. b. Compute the basic earnings per share of the common stock, assuming a preferred stock dividend was declared and payable and the Net Income was $250,000