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The Golden Mushroom has two classes of stock authorized 9%,$10 par preferted, and $1 par value common. The following transactons affect stochholdes' equity during 2024,

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The Golden Mushroom has two classes of stock authorized 9%,$10 par preferted, and $1 par value common. The following transactons affect stochholdes' equity during 2024, its fitst year of operations: Fetruary 6. thuns 2,900 shares of is preferred stock for 512 per thare. Septuser 30 Pirchaies 10 ,ee0 sharev of its tom comon stock for $39 per share. peceber is netelar-5,00e thaces of treavacy stock ot s44 per share. In its first year of operations, The Golden Mushoom has net income of $159,000 and poys dividends ot the end of the year of 595.000 (\$1 per share) on all common shares outstanding and $2,320 on oll preferred shares outstanding Required: Prepare the stockhoiders' 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.)

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