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The Golden Mushroom has two classes of stock authorized: 9%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024,

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The Golden Mushroom has two classes of stock authorized: 9%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Is 2 sues 100,600 shares of comon stock fon $16 pen share. February 6 Issues 1,100 shares of 9 preferred stock for 311 per share. Septenber 10 Purchases 11,000 shares of its own coneon stock for 321 per share. December 15 Resells 5,580 shares of treasury stock at $26 per share. In its first year of operations, The Golden Mushroom has net income of $141,000 and pays dividends at the end of the year of $94.500 (\$1 per share) on all common shares outstanding and $990 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 indlicated by a minus sign.)

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