first picture is information for problem and second picure is the task.

HM company was formed on July, 2017. It was authorized to issue 5000,000 shares of S10 par value common stock and 100,000 shares of %, 525 par vale, curative and non participating preferred stock. GM.com has a Daly 1, me 30 fiscal year. The following information relates to the Stock holdere gitti. Accounts of GM.com Common stock Prior to the 2019-20 fiscal year, a company had 110,000 shares outtanding on stock image follow 1.95,000 shares were for each on July 1, 2012 521 per share. 20 July 24,2017, 5.000 shares were exchange for a plot of and which cout the seller $70,000 in 2011, and had a estimated fair value of $220,000 July 2.1.2012 2.10,000 dare were on March, 2019 12 a During the 2019-20 scal year the following transactions regarding commen stock took place Got common stock was selling $ 52 per share. On Dec15-2019 June 20.2020. GM sold 500 shares of its own common stock that it had Durchased on Nov 30,2019 for $ 21,000 Preferred stock GM issued 100,000 stures of preferred stock est per shume on July 1 2018 Called the followed a schedule of declaring the divided in December and with payments being made to stockholders of record in the following month. The cash dividends which have been declared since inception of the company through 30,2020 are as shown below Declaration date Common tok Preferred stock 12/15/2018 50.30 perse share 6/15/19 50.30 per share stare Ses per $0.50 per November 30, 2019 GM purchased 2,000 shares of its own common stock on the open market $39 por share. GM use the cost method for treasury stock December 15,2019, GM declared a 5 stock dividend for stockholders ofrecerdonary 2020 to be donary , 2020. GM was in liquidity problem and could not afford a cash divided at the time 12/15/2019 $ 0.50 pershare No cash dividends were declared during hune 2020. De the comm' liquidity problems Retained Earnings As of June 30,2019.GM Retained Earnings account had a balance of $ 550,000. For the fiscal year ending me 30, 2020 GN reported net income of 120,000 Instructions: Instructions: Prepare the stockholders' equity section of the balance sheet, including appropriate notes for GM company as of June 30,2020, as it should appear in the annual report of the shareholders. HM company was formed on July, 2017. It was authorized to issue 5000,000 shares of S10 par value common stock and 100,000 shares of %, 525 par vale, curative and non participating preferred stock. GM.com has a Daly 1, me 30 fiscal year. The following information relates to the Stock holdere gitti. Accounts of GM.com Common stock Prior to the 2019-20 fiscal year, a company had 110,000 shares outtanding on stock image follow 1.95,000 shares were for each on July 1, 2012 521 per share. 20 July 24,2017, 5.000 shares were exchange for a plot of and which cout the seller $70,000 in 2011, and had a estimated fair value of $220,000 July 2.1.2012 2.10,000 dare were on March, 2019 12 a During the 2019-20 scal year the following transactions regarding commen stock took place Got common stock was selling $ 52 per share. On Dec15-2019 June 20.2020. GM sold 500 shares of its own common stock that it had Durchased on Nov 30,2019 for $ 21,000 Preferred stock GM issued 100,000 stures of preferred stock est per shume on July 1 2018 Called the followed a schedule of declaring the divided in December and with payments being made to stockholders of record in the following month. The cash dividends which have been declared since inception of the company through 30,2020 are as shown below Declaration date Common tok Preferred stock 12/15/2018 50.30 perse share 6/15/19 50.30 per share stare Ses per $0.50 per November 30, 2019 GM purchased 2,000 shares of its own common stock on the open market $39 por share. GM use the cost method for treasury stock December 15,2019, GM declared a 5 stock dividend for stockholders ofrecerdonary 2020 to be donary , 2020. GM was in liquidity problem and could not afford a cash divided at the time 12/15/2019 $ 0.50 pershare No cash dividends were declared during hune 2020. De the comm' liquidity problems Retained Earnings As of June 30,2019.GM Retained Earnings account had a balance of $ 550,000. For the fiscal year ending me 30, 2020 GN reported net income of 120,000 Instructions: Instructions: Prepare the stockholders' equity section of the balance sheet, including appropriate notes for GM company as of June 30,2020, as it should appear in the annual report of the shareholders