Waterway Corporation has the following capital stock outstanding at December 31, 2020: 7% Preferred stock, $ 100 par value, 14,600 shares issued and outstanding $ 1,460,000 Common stock, no par, $ 10 stated value, 500,000 shares authorized, 310,000 shares issued and outstanding 3,100,000 The preferred stock was issued at $ 130 per share. The common stock was issued at an average per share price of $ 14. Prepare the paid-in capital section of the balance sheet at December 31, 2020. Partial balance sheet preparation