The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31, 2020. 

Common Stock, no par, $1 stated value, 400,000 shares authorized; 

300,000 shares issued ............................................................................................................... $ 300,000

Common Stock Dividends Distributable .................................................................................      30,000

Paid-in Capital in Excess of Stated Value—Common Stock .................................................. 1,200,000

Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 30,000 shares issued ....    150,000

Retained Earnings ....................................................................................................................    800,000

Treasury Stock (10,000 common shares) ..............................................................................      74,000
Paid-in Capital in Excess of Par—Preferred Stock ................................................................   344,000
Accumulated Other Comprehensive Loss .............................................................................     31,000

Instructions
Prepare the stockholders’ equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $100,000 (use Note R).