Pharoah Company reported the following balances at December 31,2021 : common stock $398,000, paid-in Capital in Excess of Parcommon stock $100,000, and retained earnings $243,000. During 2022, the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $120,500 for $191,000. 2. Purchased treasury stock (common) for $40,500. 3. Earned net income of $144,000. 4. Declared and paid cash dividends of $52,500. Prepare the stockholders' equity section of Pharoah Company's December 31,2022, balance'sheet. Balance Sheet (Partial) December 31,2022 Paid-in Caoital Caoital Stock Paid-in Caoital Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Common Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Assets Less : Treasury Stock Total Stockholders' Equity