Finishing Touches has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 1e0, eee shares of comnon stock for $35 per share. February 6 Issues 3,00e shares of 8v preferred stock for $11 per share. Septenber 10 Purchases 11 , eee shares of its own connon stock for s4e per share. December 15 Reselts 5,500 shares of treasury stock at $45 per share. In its first year of operations, Finishing Touches has net income of $160,000 and pays dividends at the end of the year of $94,500 i $1 per share) on all common shares outstanding and $2,400 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)