Paragraph Styles 2.(25 points) Superior Corporation is preparing its Statement of Owners' Equity at December 31, 2020 5% Preferred stock PIC- Common stock PIC- Retained Treasury TOTAL $100 par value PS $20 par value a/s Earnings Stock OE Jan. 1 $3,000,000 $90,000 $2,000,000_$850,000 $4,500,000 $0 $10,440,000 2020 Jan 5 Apr. 5 Aug 1 Dec. 15 Dec. 31 Balance Dec 31, 2020 Complete the Statement of Owners' Equity above (including totals) using the data below. Jan. 5 2,000 shares of 5% preferred stock were sold for $1.20 per share April 5 Declared and issued 10% stock dividend when market value was $40 per share Aug. 1 50,000 shares of treasury stock were bought at $30 per share. Dec. 15 The appropriate amount of dividends were declared and paid on the preferred stock. NO dividends on the common stock Dec 31 Net income was $2,500,000