The balance sheet of Amusement, Inc., at December $31,2017,$ reported $750,000$ shares of $$1$ par common stock authorized with $95,000$ shares issued and outstanding. Paid$-$in capital in excess of par$-$common had a balance of $$312,000.$ Retained earnings had a balance of $$109,000.$ During $2018,$ the company completed the following selected transactions:

More info

Feb $15$ Purchased $7,000$ shares of treasury stock at $$5$ per share.

Mar $8$ Sold $5,000$ shares of treasury stock for $$6$ per share.

Sep $28$ Declared and distributed a $20\%$ stock dividend on the $93,000$ shares of outstanding common stock. The market value of Amusement's common stock was $$8$ per share.

Requirement $2.$ Prepare the stockholders' equity section of the balance sheet at December $31,2018,$ assuming the company earned $$85,000$ of net income during the year. $($Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.$)$

$$