FOR PRINTER VERSION BACK Problem 14-02A (Part Level The post-doing t halace of Shandan Carbon December 31, 2020, Preferred Stock (16,000 shares lecund 1800,000 Commen Stock (259,000 ha d ) 2,590,000 Pidin Capital in Press of Preferred Stock Pald-in Capital incess of Par-Common Stock 410,000 Common Stock Dividends Distributie 250,000 Retand Farming 921.900 A review of the accounting records reveals the following 1. No errons have been made recording 2020 tr on g the 2. Preferred stockis 350 ,6, and cumulative; 16,000 shares have been outstanding 1, 2018 3. Authorized stockis 21,000 shares of preferred, 518,000 shares of common with a $10 par value The January 1 balance in Retained Earnings was $1,120,000 On July 1, 21,600 shares of common stock weressed for cash 8 persoane On September 1, the company discovered an undertatement error of $87,000 is computing salaries and wages en 2016. The e o 7. er 1 Ne dividends w or A cash dividend of $259,000 was declared and properly located to preferred and common okos 8. On December 31, a 10% common stock dividend was declared out of retained a com 9. Net Income for the year was $568,000 10 on December 31, 2020, the directors authored coure of a $10,000 restriction of retained for MAX f fect of d a property en in 2019. recto Your answer is correct Reproduce the Retained Earnings account for 2020. ( items in order presented in the Retained Earning Set 1 Prior ver A OD 60,9001 Banco 120.000 C enso 2.000 DC Netcome ,000 i 1462001 Your answer is correct. Reproduce the Retained Earnings account for 2020. (Let me in orderpreted in Retained Earnings Sept. 1 Prior Per. Adj. 1 60,900 || Jan. 1 Balance 1,120,000 HILL 259,000 || Dec. 31 Net come 588,000 Dec. 31 Cash Dividends Dec. 31 Stock Dividends 466200|| Dec. 31 Balance 921900 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT ZYour answer is partially correct. Try again. Prepare a stockholders' equity section at December 31, 2020. (Enter account name only and do not provide SHERIDAN CORPORATION. Partial Balance Sheet December 31, 2020 (b) Your answer is partially correct. Try again. Prepare a stockholders' equity section at December 31, 2020. (Enter accou only and do not provide descriptive information.) SHERIDAN CORPORATION. Partial Balance Sheet December 31, 2020 T Pald-in Capital Capital Stock Preferred Stock 800,000 Common Stock 2,590,000 | Common Stock Dividends Distributable 259,000 2,849,000 3,649,000 Total Capital Stock Additional Pald-in Capital T Paid-in Capital in Excess of Par-Preferred Stock 259,000 410,000 T Paid-in Capital in Excess of Stated Val Total Additional Paid-in Capital 669,000 Total Paid-in Capital 4,318,000 Capital Stock Preferred Stock Common Stock J 2,590,000 Common Stock Dividends Distributable T 259,000 2,849,000 3,649,000 T Total Capital Stock Additional Pald-in Capital Pald-in Capital in excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Val Total Additional Paid-in Capital Total Pald-in Capital Retained Earnings 669,000 4,318,000 921,900 5,239,900 Total Stockholders' Equity Click if you would like to show Work for this question: geen Show Work