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, 2,200 shares issued) $220,000 Common stock, $5 par (95,500 shares authorized, 19,100 shares issued) 95,500 Additional paid-in capital 136,000 Retained earnings 455,000 Total $906,500 During 2020, Wildhorse 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 1,700 shares of its own outstanding common stock for $42 per share. Wildhorse uses the cost method. 3. Reissued 800 treasury shares for land valued at $34,600. 4. Issued 460 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 $45 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. No. Account Titles and Explanation Debit Credit Dividends Payable - Preferred 22000 Dividends Payable - Common 38200 Cash 60200 Treasury Stock 71400 71400 Cash Land 3. 34600 Treasury Stock 33600 Paid-in Capital from Treasury Stock 1000 4. | 48300 Cash Preferred Stock A Preferred Stock 46000 Paid-in Capital in Excess of Par - Preferred Stock 2300 5. Retained Earnings 81900 Common Stock Dividend Distributable 9100 Paid-in Capital in Excess of Par - Common Stock 72800 Common Stock Dividend Distributable 9100 Common Stock 9100 Retained Earnings 66640 Dividends Payable - Common 40040 Dividends Payable - Preferred 26600 Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $314,000. (E WILDHORSE COMPANY Stockholders' Equity For the Year Ended December 31, 2020 Capital Stock Preferred Stock 266000 Common Stock 100100 Total Capital Stock 366100 Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock 71400 Total Stockholders' Equity e Textbook and Media List of Account