The Clothing Cove has two classes of stock authorized: $9\%,$ $$10$ par preferred, and $$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 $$32$ per share.

February $6$ Issues $2,700$ shares of $9\%$ preferred stock for $$11$ per share.

September $10$ Purchases $11,000$ shares of its own common stock for $$37$ per share.

December $15$ Resells $5,500$ shares of treasury stock at $$42$ per share.

In its first year of operations, The Clothing Cove has net income of $$157,000$ and pays dividends at the end of the year of $$94,500($$$1$ per share$)$ on all common shares outstanding and $$2,430$ 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.$)$