I NEED HELP WITH THE CALCULATION FOR THIS PROBLEM

Nash Company was formed on July 1, 2023. It was authorized to issue 285,500 shares of $10 par value common stock and 95,400 shares of 8%, $25 par value, cumulative and nonparticipating preferred stock. Nash Company has a July 1June 30 fiscal year.

The following information relates to the stockholders equity accounts of Nash Company.

Common Stock

Prior to the 20252026 fiscal year, Nash Company had 105,300 shares of outstanding common stock issued as follows.

1. 84,400 shares were issued for cash on July 1, 2023, at $30 per share.

2. On July 24, 2023, 5,000 shares were exchanged for a plot of land which cost the seller $69,100 in 2017 and had a fair value (based on recent land sales) of $212,700 on July 24, 2023.

3. 15,900 shares were issued on March 1, 2024, for $38 per share.

During the 2025-2026 fiscal year, the following transactions regarding common stock took place.

On November 30, 2025, Nash purchased 2,200 shares of its stock on the open market at $43 per share. Nash uses the cost method for treasury stock.

December 15, 2025, Nash declared a 5% stock dividend for stockholders of record on January 15, 2026, to be issued on January 31, 2026. Nash had a liquidity problem and could not afford a cash dividend at the time. Nashs common stock sold at $47 per share on December 15, 2025.

June 20, 2026, Nash sold 550 shares of its own common stock that it had purchased on November 30, 2025, for $25,500.

Preferred Stock

Nash issued 41,500 shares of preferred stock at $46 per share on July 1, 2024.

Cash Dividends

Nash has followed a schedule of declaring cash dividends in December and June, with payment being made to stockholders of record in the following month. The cash dividends which have been declared since inception of the company through June 30, 2026, are shown below.

Declaration Date Common Stock Preferred Stock

12/15/24 $0.30 per share $1 per share

6/15/25 $0.30 per share $1 per share

12/15/25 $1 per share

No cash dividends were declared during June 2026 due to the companys liquidity problems.

Retained Earnings

As of June 30, 2025, Nashs retained earnings account had a balance of $685,200. For the fiscal year ending June 30, 2026, Nash reported net income of $38,900.

Prepare the stockholders equity section of the balance sheet, for Nash Company as of June 30, 2026, as it should appear in its annual report to the shareholders. (Enter account name only and do not provide descriptive information.)

NASH COMPANY Stockholders' Equity June 30,2026 Capital Stock Common Stock Preferred Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $2490700 \begin{tabular}{|l||} \hline 747000 \\ \hline \end{tabular}