Brice Company completed the following transactions in Year $1,$ the first year of operation.

Issued $53,000$ shares of no$-$par common stock for $$10$ per share.

Issued $9,300$ shares of $$20$ par, $5$ percent, preferred stock for $$20$ per share.

Paid a cash dividend of $$9,300$ to preferred shareholders.

Issued a $10$ percent stock dividend on no$-$par common stock. The market value at the dividend declaration date was $$12$ per share.

Later that year, issued a $2-$for$-1$ split on the shares of outstanding common stock. The market price of the stock at that time was $$50$ per share.

Produced $$180,000$ of cash revenues and incurred $$85,000$ of cash operating expenses.

Closed the revenue, expense, and dividend accounts to retained earnings.

b$.$ Prepare the stockholders' equity section of the balance sheet at the end of Year $1.$

$\backslash$table$[[$BRICE COMPANY$],[$Balance Sheet $($partial$)],[$December $31,$ Year $1],[$Stockholders$\text{'}$ equity$],[,,],[,,],[$Total paid$-$in capital,$$,0],[,,],[,,],[$Total stockholders' equity,$$,0]]$