EXPLAIN THE STEPS. Problem $10-4$A $($Algo$)$ Analyze the stockholders' equity section $($LO$10-7)$

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

The stockholders' equity section of Ironworks is presented here.

$\backslash$table$[[\backslash$table$[[$IRONWORKS$],[$Balance Sheet $($partial$)]],],[($$ and shares in thousands$),],[$Stockholders$\text{'}$ equity:,$],[$Preferred stock, $$1$ par value,$$5,800,000$