Larkspur Company reported the following balances at December $31,2019$ : common stock $$545,000$; paid$-$in capital in excess of par value $$130,000$; retained earnings $$345,000.$ During $2020,$ the following transactions affected stockholders equity.

Issued preferred stock with a par value of $$142,000$ for $$202,000.$

Purchased treasury stock $($common$)$ for $$40,000.$

Earned net income of $$155,000.$

Declared and paid cash dividends of $$69,000.$

Prepare the stockholders' equity section of Larkspur Company's December $31,2020,$ balance sheet.

LARKSPUR COMPANY

Balance Sheet $($Partial$)$