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 160, e60 shares of comon stock for $15 per share. Pebruary 6 Issues 1, ,e9e shares of 7x preferred stoek for $13 per share. Septenber 16 Purchases 12,6e0 shares of its Ohn combon stock for $2 per share. Deceeber 15 Resells 6,0e0 shares of treatury atock at 525 per share. In its first year of operations, The Clothing Cove has net income of $140,000 and pays dividends ot the end of the year of $94,000 ( $1 per share) on all common shares outstanding and $700 on all preferred shares outstanding. Required: Prepare the stockholder's' 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.)