Your answer is partially correct Larkspur Company reported the following balances at December 31, 2019.common stock $545.000; paid-in capital in excess of par value $130.000, retained earnings $345.000. During 2020, the following transactions affected stockholders' equity 1 sed preferred stock with a par valot of 5142,000 for $202.000. 2. Purchased treasury stock common) for $40,000 2. Earned net income of $155.000, 4. Declared and paid cash dividends of $69,000 Prepare the stockholders' equity section of Larkspur Company's December 31, 2020, balance sheet LARKSPUR COMPANY Balance Sheet (Partial) December 2010 din CM Catasto Preferred Stock Common stoc 545000