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 comnon stock for $29 per share. February 6 Issues 2,400 shares of 92 preferred stock for $11 per share. September 10 Purchases 11,609 shares of its own connon stock for $34 per share. December 15 Resel1s 5,560 shares of treasury stock at $39 per share. In its first year of operations. The Clothing Cove has net income of $154.000 and pays dividends at the end of the year of $94.500 per share) on all common shares outstanding and $2160 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.) Required: Prepare the stockhoiders' equity section of the balance sheet for The Clothing Cove as of December 31, 2024. (Amounts to be deducted should be indicoted by a minus sign.)