Project 1: Stockholders Equity (10 points) Required: Answer the questions on the following page in Excel and upload your file to Moodle by the deadline specified by your instructor. Shown below is the stockholders' equity section of Holiday Travels' balance sheet at Answer The Allow December 31, 2020: Common stock, $2 par value, 5,000,000 shares authorized, 370,000 shares issued and outstanding Additional paid-in capital $740,000 Retained earnings Total stockholders' equity 1,595 ,000 2680,000 $ 5,015,000 During 2021, the following events occurred: Amo stock >Holiday Travels was authorized to sell 120,000 shares of $100 par, 8% preferred Am > Holiday sold 23,000 shares of the preferred stock at par value > A cash dividend of $235,000 was declared and paid > Holiday Travels declared and issued a 10% stock dividend on the common stock when the market value of the stock was $19 per share > Net income for the year was $1,690,000