Sunland Corporation has issued $96,000$ shares of $$5$ par value common stock. It was authorized to sell $500,000$ shares. The paid$-$in

capital in excess of par on common stock is $$270,000.$ The corporation has reacquired $6,000$ common shares at a cost of $$51,500$ and

is currently holding those shares.

The corporation also has $1,100$ shares issued and outstanding of $9\%,$$$100$ par value preferred stock. It was authorized $10,300$ shares.

The paid$-$in capital in excess of par value on the preferred stock is $$22,300.$ Retained earnings is $$383,000.$

Prepare the stockholders' equity section of the balance sheet. $($Enter account name only and do not provide descriptive information.$)$

SUNLAND CORPORATION

Balance Sheet $($Partial$)$