Additional information:

Common stock is no$-$par, with a stated value of $$10$ per share. $90,000$ shares are authorized, $50,000$ shares are issued and outstanding, and $6,000$ subscribed at a price of $$28$ per share.

Preferred stock has a $$50$ par value, $8,000$ shares are authorized, $6,000$ shares are issued and outstanding, and $700$ shares have been subscribed Each share is cumulative, is convertible into $5$ shares of common stock, and pays a $7\%$ annual dividend. Dividends are not in arrears.

Bonds payable mature on July $1,$ Year $10.$ They carry a $12\%$ annual interest rate, payable semiannually. The premium is being amortized using the s

Required:

Prepare the Contributed Capital section of shareholders' equity for the December $31,$ Year $1,$ balance sheet for Jordan.

JORDAN CORPORATION

Shareholders' Equity

December $31,$ Year $1$