The post-closing trial balance of Carla Vista Corporation atDecember 31, 2020, contains the following stockholders’ equityaccounts.

Preferred Stock (14,300 shares issued)		$715,000
Common Stock (253,000 shares issued)		3,795,000
Paid-in Capital in Excess of Par—Preferred Stock		253,000
Paid-in Capital in Excess of Par—Common Stock		396,000
Common Stock Dividends Distributable		379,500
Retained Earnings		777,600

A review of the accounting records reveals the following.

1.		No errors have been made in recording 2020 transactions or inpreparing the closing entry for net income.
2.		Preferred stock is $50 par, 6%, and cumulative; 14,300 shareshave been outstanding since January 1, 2019.
3.		Authorized stock is 19,300 shares of preferred, 506,000 sharesof common with a $15 par value.
4.		The January 1 balance in Retained Earnings was $1,100,000.
5.		On July 1, 22,000 shares of common stock were issued for cashat $18 per share.
6.		On September 1, the company discovered an understatement errorof $85,000 in computing salaries and wages expense in 2019. The netof tax effect of $59,500 was properly debited directly to RetainedEarnings.
7.		A cash dividend of $379,500 was declared and properly allocatedto preferred and common stock on October 1. No dividends were paidto preferred stockholders in 2019.
8.		On December 31, a 10% common stock dividend was declared out ofretained earnings on common stock when the market price per sharewas $18.
9.		Net income for the year was $572,000.
10.		On December 31, 2020, the directors authorized disclosure of a$191,000 restriction of retained earnings for plant expansion. (UseNote X.)

Prepare a stockholders’ equity section at December 31, 2020