P14.9B (LO 1,2,3,4) (Stockholders' Equity Section of Balance Sheet) The following is a summary of all relevant transactions of Stotesbury Corporation since it was organized in 2025 : In 2025, 500,000 shares were authorized and 110,000 shares of common stock ( $10 par value) were issued at a price of $38. In 2026, 11,000 shares were issued as a stock dividend when the stock was selling for $46. Two thousand shares of common stock were bought in 2026 at a cost of $51 per share. These 2,000 shares are still in the company treasury. In 2026,50,000 preferred shares were authorized and the company issued 8,000 of them ($100 par value) at $106. Some of the preferred stock was reacquired by the company and later reissued for $16,100 more than it cost the company. The corporation has earned a total of $969,000 in net income after income taxes and paid out a total of $278,800 in cash dividends since incorporation. Instructions Prepare the stockholders' equity section of the balance sheet in proper form for Stotesbury Corporation as of December 31, 2026. Account for treasury stock using the cost method