Lucas Company was issued a charter by the state of Indiana on January $15$ of this year. The charter authorized the following:

Common stock, $$5$ par value, $105,000$ shares authorized

Preferred stock, $15$ percent, par value $$5$ per share, $5,800$ shares authorized

During the year, the following transactions took place in the order presented:

a$.$ Sold and issued $20,600$ shares of common stock at $$10$ cash per share,

b$.$ Sold and issued $1,100$ shares of preferred stock at $$14$ cash per share.

c$.$ At the end of the year, the company reported net income of $$41,500.$ No dividends were declared.

Required:

Prepare the stockholders' equity section of the balance sheet at the end of the year.