Item 2: The December 31, 2023 balance sheet of Entity M showed the following: Treasury stock (7,000 shares common) Paid-in capital in excess of stated value - common stock..... 9% preferred stock, $100 par value, cumulative, 30,000 shares authorized; 12,000 shares issued, ? outstanding..... Common stock, $10 stated value, 500,000 shares authorized; 300,000 shares issued, ? shares outstanding....... Paid-in capital in excess of par value - preferred stock. Retained earnings $ 77,000 1,700,000 $ 1,200,000 3,000,000 210,000 3,158,000 Instructions: What is total stockholders' equity? Prepare the stockholders' equity section of the balance sheet. You should look at Illus. 11.18 to get a sense of what yours should look like. Use good form, indicating the number of authorized, issued, and outstanding shares for each class of stock. ENTITY M