Prepare the Clearborn's $$stockholders$\text{'}$ equity section of the balance sheet as of December$31,2024.$ Assume that Clearborn was authorized to issue $2,500$ shares of preferred stock and $400,000$ shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December$31,2024,$ is $ $2,030,000.$