The stockholders' equity accounts of Blossom Company on January 1, 2020, were as follows. Preferred Stock (8%, $52 par, cumulative, 10,500 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $ 442,000 1,350,000 100,000 1,450,000 1,850,000 50,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,000 shares of common stock for $124,000. Apr. 14 Sold 5,900 shares of treasury stock-common for $32,000. Sept. 3 Nov. 10 Dec. 31 Issued 4,700 shares of common stock for a patent valued at $34,300. Purchased 1,000 shares of common stock for the treasury at a cost of $5,800. Determined that net income for the year was $435,000. No dividends were declared during the year. te Account Titles and Explanation Feb. 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Apr. 14 Cash Treasury Stock Paid-in Capital from Treasury Stock Sept. 3 Patents Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Nov. 10 Treasury Stock Cash Dec. 31 Income Summary Retained Earnings Debit Credit 124000 32000 34300 5800 435000 25000 99000 29500 2500 4700 29600 5800 435000 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital from Treasury Stock Total Additional Paid-in Capital Total Paid-in Capital Blossom Company Balance Sheet (Partial) December 31, 2020 $ Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $