The Clothing Cove has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2024, its first year of operations:

January 2

Issues 100,000 shares of common stock for $18 per share.

February 6

Issues 1,300 shares of 7% preferred stock for $13 per share.

September 10 Purchases 12,000 shares of its own common stock for $23 per share.

December 15 Resells 6,000 shares of treasury stock at $28 per share.

In its first year of operations, The Clothing Cove has net income of $143,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $910 on all preferred shares outstanding

The Clothing Cove has two classes of stock authorized: 7%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issues 100,000 shares of conmon stock for $18 per share. February 6 Issues 1,300 shares of 74 preferred stock for $13 per share. Septenber 10 Purchases 12,000 shares of 1 ts own connon stock for $23 per share, December 15 Reselts 6,000 shares of treasury stock at $28 per share. In its first year of operations, The Clothing Cove has net income of $143,000 and pays dividends at the end of the year of $94,000 i $1 per share) on all common shares outstanding and $910 on all preferred shares outstanding: Required: Prepare the stockholders' equity section of the balance sheet for The Clothing Cove as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)