Goldman Inc. was organized on June 1, 2014. It was authorized to issue 400,000 shares of $9 par common stock and 60,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Goldman Inc.. 1. Issued 22,000 shares of common stock for $13 per share 2. Issued 10,000 shares of the class A preferred stock for $27 per share. 3. Issued 53,000 shares of common stock for $17 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. GOLDMAN INC Balance Sheet (Partial) As of December 31, 2014 Stockholders' equity Preferred stock Common stock Paid-in capital in excess of stated value, preferred stock Paid-in capital in excess of par, common stock $3,600,000 675,000 20,000 459,000 Total stockholders' equity $4,754,000