$(1)$

Required information

$[$The following information applies to the questions displayed below.$]$

The stockholders' equity section of The Seventies Shop is presented here.

$\backslash$table$[[$THE SEVENTIES SHOP$],[,],[($ Balance Sheet $($partial$),],[$Stockholders$\text{'}$ equity:,$],[$Preferred stock, $$50$ par value,$$0$