Preparing the Stockholders' Equity Section Prepare the stockholders' equity section of a classified balance sheet given the following account balances on December 31, 2020. Preferred stock, par $15, authorized 16,000 shares $204,000 Cash received above par of preferred stock 20,000 Common stock, no par, 48,000 shares issued (80,000 shares authorized) 160,000 Retained earnings 120,000 Stockholders' Equity Section As of December 31, 2020 Preferred stock, $15 par, 16,000 authorized shares, $ issued shares Common stock, no-par, 80,000 authorized shares, issued shares Paid-in capital in excess of par Retained earnings Total stockholders' equity $