Wildhorse 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 2,000 shares issued) $200,000 Common stock. $5 par (108,000 shares authorized, 21,600 shares issued) 108,000 Additional paid-in capital 119,000 Retained earnings 419.000 Total $846,000 1 2 During 2020. Wildhorse took part in the following transactions concerning stockholders' equity. 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, Purchased 1.700 shares of its own outstanding common stock for $41 per share. Wildhorse uses the cost method. Reissued 600 treasury shares for land valued at $27,800. Issued 480 shares of preferred stock at $104 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $42 per share. 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. 3. 4. 5. 6