Tamarisk Company reported the following balances at December 31, 2019: common stock $515,000; paid-in capital in excess of par value $150,000; retained earnings $285,000. During 2020, the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $148,000 for $216,000. 2. Purchased treasury stock (common) for $53,000. 3. Earned net income of $165,000. 4. Declared and paid cash dividends of $66,000. Prepare the stockholders' equity section of Tamarisk Company's December 31, 2020, balance sheet. TAMARISK COMPANY Balance Sheet (Partial) December 31, 2020