A company had the following equity account balances on January $1.$

January $1$ balances

During the year, the following equity transactions occurred.

Transactions during the year

January $21$ Issued $14,000$ shares of common stock for $$11$ per share.

March $10$ Purchased $7,700$ shares of its own common stock for $$10$ per share.

June $26$ Sold one$-$half of treasury shares acquired March $10$ for $$12$ per share.

September $8$ Issued $2,600$ shares of preferred stock for $$48$ per share.

November $2$ Sold $1,540$ of the treasury shares acquired March $10$ for $$16$ per share.

December $31$ Reported net income for the year of $$158,000.$

Complete the following stockholders' equity section of the balance sheet as of December $31.$