? Prepare the stockholders' equity section of John Tandy Company's December $31,2020,$ ?balance sheet.

JOHN TANDY COMPANY

Balance Sheet $($Partial$)$

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$John Tandy Company reported the following balances at December $31,2019$: common stock $$535,000$; paid$-$in capital in excess of par$-$common stock $$210,000$; retained earnings $$365,000.$ ?During $2020,$ ?the following transactions affects stockholders equity. $???$Issued preferred stock with a par value of $$185,000$ ?for $$210,000.???$ ?Purchased treasury stock $($common$)$ ?for $$63,000.???$ ?Earned net income of $$240,000.???$ ?Declared and paid cash dividends of $$82,000($$$15,000$ ?preferred$).$