Skysong, Inc. reported the following balances at December 31, 2021: common stock $403,000, paid-in Capital in Excess of Par- common stock $102.000, and retained earnings $252,000. During 2022, the following transactions affected stockholders' equity Issued preferred stock with a par value of $126,000 for $208,000. 2 Purchased treasury stock (common) for $42.000. 3 Earned net income of $145,000. 4 Declared and paid cash dividends of $59,000 Prepare the stockholders' equity section of Skysong. Inc's December 31, 2022, balance sheet. Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock Common Stock Total Capital Stock Skysong, Inc. Balance Sheet (Partial) December 31, 2022 403000 102000 505000 Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock 126000 Paid-In Capital in Excess of Stated Value-Common Stoc 82000 Total Additional Paid-in Capital 208000 Total Paid-in Capital 42000 Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity 100900