Metlock Company reported the following balances at December $31,2019$: common stock $$505,000$; paid$-$in capital in excess of par value $$120,000$; retained earnings $$250,000.$ During $2020,$ the following transactions affected stockholder's equity.

$1.$ Issued preferred stock with a par value of $$148,000$ for $$206,000.$

$2.$ Puchased treasury stock $($common$)$ for $54,500$

$3.$ Earned net income of $145,000$

$4.$ Declared and paid cash dividens of $70,000$

Prepare the stockholders' equity section of Metlock Company's December $31,2022$ balance sheet.