The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Pinkston Corporation at December 31, 2014. Prepare the stockholders' equity section of the balance sheet at December 31, 2014. Tidwell Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $40. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Journalize the transactions. Post to the stockholders' equity accounts. Indicate the financial statement presentation of the related accounts