Splish Brothers Inc. reported the following balances at December 31, 2021: common stock $390,000, paid-in Capital in Excess of Parcommon stock $101,500, and retained earnings $256,000. During 2022 , the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $130,000 for $198,000. 2. Purchased treasury stock (common) for $43,500. 3. Earned net income of $138,000. 4. Declared and paid cash dividends of $59,000. Prepare the stockholders' equity section of Splish Brothers Inc.'s December 31, 2022, balance sheet