Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $$20$ par value, $12,900$ shares authorized. During the year, the following selected transactions were completed:

Sold $6,500$ shares of common stock for cash at $$40$ per share.

Sold $1,200$ shares of common stock for cash at $$45$ per share.

At year$-$end, the company reported net income of $$7,400.$ No dividends were declared.

$2.$ Prepare the stockholders$$ equity section of the balance sheet at the end of the year.