Item 2: The December 31, 2022 balance sheet of Entity M showed the following: Treasury stock (30,000 shares)..... $ 630,000 Paid-in capital in excess of par value - common stock. ar value - common stock........................ 27,000,000 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 15,000 shares issued. $ 300,000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, ? shares outstanding. 19,500,000 Paid-in capital in excess of par value - preferred stock. 60,000 Retained earnings 7,650,000 Instructions: What is total stockholders' equity? Prepare the stockholders' equity section of the balance sheet. Do so in good form, indicating the number of authorized, issued, and outstanding shares for each class of stock