complete a stockholders equity section with the information provided

The post-closing trial balance of Sunland Corporation at December 31, 2020, contains the following stockholders' equity accounts.

Preferred Stock (14,600shares issued)$730,000Common Stock (242,000shares issued)2,420,000Paid-in Capital in Excess of ParPreferred Stock242,000Paid-in Capital in Excess of ParCommon Stock383,000Common Stock Dividends Distributable242,000Retained Earnings909,770

A review of the accounting records reveals the following.

1.No errors have been made in recording 2020 transactions or in preparing the closing entry for net income.2.Preferred stock is $50par,6%, and cumulative;14,600shares have been outstanding since January 1, 2019.3.Authorized stock is19,600shares of preferred,484,000shares of common with a $10par value.4.The January 1 balance in Retained Earnings was $1,100,000.5.On July 1,21,900shares of common stock were issued for cash at $18per share.6.On September 1, the company discovered an understatement error of $90,900in computing salaries and wages expense in 2019. The net of tax effect of $63,630was properly debited directly to Retained Earnings.7.A cash dividend of $242,000was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2019.8.On December 31, a10% common stock dividend was declared out of retained earnings on common stock when the market price per share was $18.9.Net income for the year was $551,000.10.On December 31, 2020, the directors authorized disclosure of a $201,000restriction of retained earnings for plant expansion. (Use Note X.)