During 2025 , Sheridan took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2024$9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,500 shares of its own outstanding common stock for $44 per share. Sheridan uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,700. 4. Issued 540 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $43 per share. During 2025 , Sheridan took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2024$9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,500 shares of its own outstanding common stock for $44 per share. Sheridan uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,700. 4. Issued 540 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $43 per share. 6. Issued the stock dividend. 7. Declared the annual 2025$9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2026. 1. Dividends Payable - Preferred Stock 16200 Dividends Payable - Common Stock 36800 Cash 2. Treasury Stock 66000 Cash 3. Land 31700 Treasury Stock Paid-in Capital from Treasury Stock 4. Cash 57240 Preferred Stock 54000 Paid-in Capital in Excess of Par - Preferred Stock 3240 5. Retained Earnings 75680 Common Stock Dividend Distributable 8800 Preferred Stock 54000 Paid-in Capital in Excess of Par - Preferred Stock 3240 5. Retained Earnings 75680 Common Stock Dividend Distributable 8800 Paid-in Capital in Excess of Par - Common Stock 66880 6. Common Stock Dividend Distributable 8800 Common Stock 8800 7. 59780 Dividends Payable - Common Stock 38720 Prepare the December 31, 2025, stockholders' equity section. Assume 2025 net income was $317,000. (Enter account name only