Marigold Corp. has been authorized to issue $21,000$ shares of $$100$ par value, $10\%,$ noncumulative preferred stock and $933,600$ shares of no$-$par common stock. The corporation assigned a $$2\mathrm{.}40$ stated value to the common stock. At December $31,2022,$ the ledger contained the following post$-$closing balances pertaining to stockholders' equity.

$\backslash$table$[[$Preferred Stock,$$120,000$