In its first year of operations, The Clothing Cove has nel income of $$157\mathrm{.}000$ and pays dividends at the end of the year of $$94\mathrm{.}500($ $$1$ per share$)$ on all common shares outstanding and $$2,430$ on all preferred shares outstanding

Required:

Prepare the stockholders' equity section of the balance sheet for The Clothing Cove as of December $31,2024.($Amounts to be deducted should be indicated by a minus sign.$)$

$\backslash$table$[[$THE CLOTHING COVE$],[$Balance Sheet$],[$December $31,2024],[$Stockholders$\text{'}$ Equity Section$),],[$Prelerred stock,$],[$Common stock,$],[$Additional paid$-$in capital,$],[,],[$Total paid$-$in capital,$],[$Treasury stock,$],[$Retained earnings,$]]$