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The Clothing Cove has two classes of stock authorized: 7%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 100,000 shares of common stock for $21 per share. February 6 Issues 1,600 shares of 78 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own conmon stock tor $26 per share. December 15 Resel1s 6,000 shares of treasury stock at $31 per share. In its first year of operations, The Clothing Cove has net income of $146,000 and pays dividends at the end of the year of $94,000 ( $1 per share) on all common shares outstanding and $1,120 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for The Clothing Cove as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)