prepare the stockholders equity section of swifty's corporation's balance sheet as of December 31, 2025

ug. 10 Cash Retained Earnings Treasury Stock C. 31 Common Stock Dividend Distributable Dividends Payable (To record declaration of dividend on shares) C. 31 Income Summary Retained Earnings 25200 3600 33040 (To closed income summary account) Date Account Titles and Explanation . 11 eb. 1 Equipment Buildings Land Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock y 29 Treasury Stock Cash Debit Credit On January 5, 2025, Swifty Corporation received a charter granting the right to issue 5,500 shares of \$100 par value, 7% cumulative and nonparticipating preferred stock, and 49,000 shares of $10 par value common stock. It then completed these transactions. Jan. 11 Issued 18,400 shares of common stock at \$15 per share. Feb. 1 Issued to Sanchez Corp. 3,800 shares of preferred stock for the following assets: equipment with a fair value of $52,700; a factory building with a fair value of $165,000; and land with an appraised value of $255,000. July 29 Purchased 1,800 shares of common stock at \$16 per share. (Use cost method.) Aug. 10 Sold the 1,800 treasury shares at $14 per share. Dec. 31 Declared a $0.35 per share cash dividend on the common stock and declared the preferred dividend. Dec. 31 Closed the Income Summary account. There was a \$186,500 net income. SWIFTY CORPORATION Stockholders' Equity $ $ $