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: January 2 Issues 100,000 shares of common stock for $31 per share. February 6 Issues 2,600 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $36 per share. December 15 Resells 5,000 shares of treasury stock at $41 per share. In its first year of operations, The Golden Mushroom has net income of $156,000 and pays dividends at the end of the year of $95,000 ( $1 per share) on all common shares outstanding and $2,080 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.)