The Golden Mushroom has two classes of stock authorized: $8\%,$$$10$ par preferred, and $$1$ par value common. The following

transactions affect stockholders' equity during $2024,$ its first year of operations:

In its first year of operations, The Golden Mushroom has net income of $$150,000$ and pays dividends at the end of the year of $$95,000$

$($ $$1$ per share$)$ on all common shares outstanding and $$1,600$ on all preferred shares outstanding.

Required:

Prepare the stockholders' equity section of the balance sheet for The Golden Mushroom as of December $31,2024.($Amounts to be

deducted should be indicated by a minus sign.$)$