/The following information applies o the questions displayed below.] Tony and Suzie purchased land costing $500,000 for a new camp in January 2020. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow another million dollars, but unfortunately the bank turned them down s too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided authorized: 9%, $10 par preferred, and $1 par value common. go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has two classes f stock When the company began on July 1, 2018, Tony and Suzie each purchased 12,500 shares of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during 2020, its third year of operations: July 2 Issue an additional 120,000 shares of common stock for $14 per share. Ne E Boie heres of its owh co tock (ie, treasury stock) for $17 per share. December 1 Declare a cash dividend on its common stock of $139,000 ($1 per share) to all stockholders of record on December 15. December 31 Pay the cash dividend declared on December 1. 2. Great Adventures has net income of $144,000 in 2020. Retained earnings at the beginning of December 31, 2020. (Amounts to be deducted should be indicated with f 2020 was $134,000. Prepare the stockholders equity section of the balance sheet for Great Adventures as minus sign.) GREAT ADVENTURES, INC. Balance Sheet (Stockholders' Equity Section) December 31, 2020 Stockholders' equity Total paid-in capital Total stockholders' equity