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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 Issues 100,000 shares of common stock for $16 per 5 hare. February 6 Issues 1,100 shares of 94 preferred stock for $11 per share. Septenber 10 Purchases 11,000 shares of its own common stock for $21 per share. December 15 Resells 5,500 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 indicated by a minus sign.)

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