Sheffield Corp.reported the following balances at December 31, 2021: common stock $399,000, paid-in Capital in Excess of Par- common stock $107,000, and retained earnings $254,000. During 2022, the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $125,500 for $192,000. 2. Purchased treasury stock (common) for $39,500. 3. Earned net income of $145,000. 4. Declared and paid cash dividends of $54,500. Prepare the stockholders' equity section of Sheffield Corp.'s December 31, 2022, balance sheet. Sheffield Corp. Balance Sheet (Partial) $ A . 4 A 4