The following is a summary of all relevant transactions of Teal Corporation since it was organized in $2020.$

In $2020,15,600$ shares were authorized and $7,400$ shares of common stock $($ $$50$ par value$)$ were issued at a price of $$57.$ In $2021,900$ shares were issued as a stock dividend when the stock was selling for $$59\mathrm{.}310$ shares of common stock were bought in $2022$ at a cost of $$63$ per share. These $310$ shares are still in the company treasury.

In $2021,9,800$ preferred shares were authorized and the company issued $5,100$ of them $($ $$100$ par value$)$ at $$121.$ Some of the preferred stock was reacquired by the company and later reissued for $$4,810$ more than it cost the company.

The corporation has earned a total of $$644,600$ in net income after income taxes and paid out a total of $$290,300$ in cash dividends since incorporation.

Prepare the stockholders' equity section of the balance sheet in proper form for Teal Corporation as of December $31,2022.$ Account for treasury stock using the cost method. $($Enter account name only. Do not provide descriptlve Information.$)$

TEAL CORPORATION

Stockholders' Equity

December $31,2022$

Common Stock