Requirement $2.$ Prepare the Halborn's stockholders' equity section of the balance sheet as of December $31,2024.$ Assume that Halborn was authorized to issue $2,500$ shares of preferred stock $500,000$ 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 $$2,050,000.($Use parenthese a minus sign for amounts to be subtracted.$)$