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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

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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 10e,ee0 shares of common stock for $18 per share. February 6 Issues 1,380 shares of 7 preferred stock for $13 per share. Septenber 16 Purchases 12 , dee shares of its own connon stock for $23 per share. Decenber 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. 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.)

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