The DeMurr Corporation is preparing its financial statements for the year ended 12-31-20. You have been provided with the following selected information for the year 2020. Sales Dividends on common stock Dividends on preferred stock Total assets Beginning Retained Earnings (1-1-20) Net Income Preferred stock shares issued and outstanding Common stock shares issued $1,500,000 $20,000 $50,000 $4,000,000 $100,000 $150,000 10,000 shares 28,000 shares Common stock shares held in treasury (treasury stock) 3.000 shares