Problem 6 Force Corporation is authorized to issue the following: 1. 20,000 shares of 6% preferred stock, $50 par. 2. 250,000 shares of $2 par common stock The corp engaged in the following transactions in its first year of operations: a. Issued 40,000 shares of common stock for $15 per share b. Issued 5,000 shares of preferred stock for $75 per share C. Reported net income of $100,000 and declared dividends of $10,000 d. Repurchased 2,000 shares of common stock for $20 each REQUIRED: Prepare the statement of changes in SE for the year ended 12/31/2020. Hint (use two separate lines to report changes in preferred and common stock