For Feet's Sake 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:

In its first year of operations, For Feet's Sake has net income of $$145,000$ and pays dividends at the end of the year of $$95,000($ $$1$ per

share$)$ on all common shares outstanding and $$1,200$ on all preferred shares outstanding.

Required:

Prepare the stockholders' equity section of the balance sheet for For Feet's Sake as of December $31,2024.($Amounts to be deducted

should be indicated by a minus sign.$)$