The charter of Equinox Corporation authorizes the issuance of 5,000 shares of Class A preferred stock, 1,000 shares of Class B preferred stock, and 10,000 shares of common stock. During a two-month period, Equinox completed these stock-issuance transactions:

June 23 Issued 1,000 shares of \(\$ 1\) par common stock for cash of \(\$ 12.50\) per share.

July 2 Sold 300 shares of \(\$ 4.50\), no-par Class A preferred stock for \(\$ 20,000\) cash.

12 Received inventory valued at \(\$ 25,000\) and equipment with market value of \(\$ 16,000\) for 3,300 shares of the \(\$ 1\) par common stock.

17 Issued 1,000 shares of 5-percent, no-par Class B preferred stock with stated value of \(\$ 50\) per share. The issue price was cash of \(\$ 60\) per share.

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Prepare the stockholders' equity section of the Equinox balance sheet for the transactions given in this exercise. Retained earnings has a balance of \(\$ 91,000\).