Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (103,500 shares authorized, 20,700 shares issued) 103,500 Additional paid-in capital 114,000 Retained earnings 423,000 Total $820,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,500 shares of its own outstanding common stock for $43 per share. Vaughn uses the cost method. 3. Reissued 600 treasury shares for land valued at $27,100. 4. Issued 550 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $336,000. (Enter account name only .Do not provide any descriptive information.) VAUGHN COMPANY Stockholders' Equity December 31, 2020 Capital Stock Preferred Stock $ 264,000 Common Stock 264,000 Total Capital Stock 363,600 Additional Paid-in Capital 205,000 Total Paid-in Capital 568,600 Retained Earnings 638,000 Total Paid-in Capital and Retained Earnings 1206,600 Less : Treasury Stock 43000 Total Stockholders' Equity $ 1163600