The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders equity accounts Preferred Stock (14.600 shares issued Common Stock (242.000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends atributable Retained ning 5730000 2420.000 242.000 383000 242 000 909.770 Areview of the accounting records reveals the 1 No errors have been made in recording 2020 transactions or in preparing the closing entry for net income 2. Preferred stock 550 par, 6% and cumulative: 14.600 shares have been outstanding since January 1, 2019 3 Authorized stock is 19.600 shares of preferred. 434000 shares of common with a $10 par value 4 The January 1 balance in Retained Earnings was $1.100.000 5. On July 1, 21.900 shares of common stock were issued for cash at $10 per share 6 on September 1, the company discovered an understatement error of 590.900 in computing salaries and wages expense in 2016. The net of tax effect of $63630 was properly debited directly to Retained Earnings 7. Acash dividend of $242000 was declared and properly allocated to preferred and common stock on October 1 No dividends were paid to preferred stockholders in 2019. 8 On December 31, a 10x common stock dividend was declared out of retained earnings on common stock when the market pricepershare wis $18. 9. Net income for the yew was $551.000. 10 On December 31, 2020, the directors authorized disclosure of a $201.000 restriction of retained earnings for plant pasion. (Use Notex Reproduce the Retained Earnings account for 2020. List items in order presented in the problem Retained Earnings Prepare a stockholders' equity section at December 31, 2020. (Enter account name only and do not provide descriptive information.) SUNLAND CORPORATION. Partial Balance Sheet Compute the allocation of the cash dividend to preferred and common stock. Allocation of the cash dividend to preferred stock $ Allocation of the cash dividend to common stock $