Question 8 of 11 -11 View Policies Current Attempt in Progress The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Sarasota Corporation at December 31, 2020 Common Stock ($5 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock (8%, $101 par) Retained Earnings Treasury Stock (11,500 common shares) $1,700,000 282,000 939,000 484,800 1,020,000 138,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provi the descriptive information provided in the question.) SARASOTA CORPORATION Partial Balance Sheet December 31, 2020 BET P W hop a The stockholders' equity accounts of Bramble Corporation on January 1, 2020, were as follows. Preferred Stock (8%, $48 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 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 (10,500 common shares) $ 384,000 1,500,000 140,000 1,450,000 1,750,000 52,500 During 2020, the corporation had the following transactions and events pertaining to its stockhold Feb. 1 14 Apr. Sept. Nov. Dec. Issued 25,000 shares of common stock for $124.000. Sold 6,000 shares of treasury stock-common for $33,700. Issued 4,900 shares of common stock for a patent valued at $35,100. Purchased 1,100 shares of common stock for the treasury at a cost of $5,700. Determined that net income for the year was $420,000. 10 31 No dividends were declared during the year