The following accounts appear in the ledger of Fall Inc. after the books are closed at December $31,2023.$

Common Stock, $$1$ par value, $500,000$ shares authorized, $400,000$ shares issued $$400,000$

Common Stock Dividends Distributable $$60,000$

Paid$-$in Capital in Excess of Par$$Common Stock $$550,000$

Preferred Stock, $$100$ par value, $6\%,10,000$ shares authorized; $2,000$ shares issued $$200,000$

Retained Earnings $$920,000$

Treasury Stock $(10,000$ common shares$)$ $$75,000$

Paid$-$in Capital in Excess of Par

Instructions

Prepare the stockholders$$ equity section at December $31,2023.$ Include details of preferred and common stock.