Tennis Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par volue common. The following transactions affect stockholders' equity during 2024, its first year of operations: January z Inkue 120,000 ehares of enthon ntook for $59 per ohare. rebruary 14 Ineue 49,000 nhares of preferred otock for $13 per share. May B purehane 12,000 mhares of its om coemon ntoek for $49 per thare. May 31 Hese11 6,000 ehares of treasury atook for 554 per ahare. Deeember 1 Deetare a canh dividend on itn connon otoek of 30.55 per ahare and a 519,600 (4t of par yalue cash dividend on it preferred stoek payable to ali ntookholdera of record on Decenber 15. The dividend in payable on Decenber 30. (Hinti D(vidends are not pald on treasury atook.) December 30 pay the eanh dividendn deelared on Decenber 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2024. Net income for the year was $479,000. Amounts to be deducted should be indicated by a minus sign.)