Saved 20 points Giraldi Corporation's stockholders' equity section at December 31, 2019, appears below: Stockholders' equity Paid-in capital Common stick, $10 par, 50,000 issued and outstanding $500,000 Paid-in capital in excess of par 200.000 Total paid-in capital $700,000 Retained earnings 250.000 Total stockholders equity $ 950.000 The following equity transactions occurred during 2020: 1. On June 30, the Corporation issued for cash additional 20,000 of its common stocks at a price of $16 cach. 2. On September 13, the Corporation reacquired 5,000 treasury stocks at $14 cach. 3. On December 5, the board of directors of the Corporation declared a 8.50 cash dividend, to be paid on December 30 to outstanding stockholders of record on December 23, 4. The net income for the year 2020 is $120,000. Instructions: Complete the Giraldi Corporation's stockholders' equity section at December 31, 2020 below after the effect of the above transactions. (No journal entries are required)