The ledger of Sheffield Corp. at December 31,2025, after the books have been closed, contains the following stockholders' equity accounts. A review of the accounting records reveals this information: 1. Preferred stock is 8%,$100 par value, noncumulative. Since January 1,2024,11,500 shares have been outstanding: 23,000 shares are authorized. 2. Common stock is no-par with a stated value of $6 per share; 610,000 shares are authorized. Areview of the accounting records reveals this information: 1. Preferred stock is 8%,$100 par value, noncumulative. Since January 1,2024,11.500 shares have been outstanding: 23,000 shares are authorized: 2. Common stock is no-par with a stated value of $6 per share; 610,000 shares are authorized. 3. The January 1,2025 , balance in Retained Earnings was $2,285,000. 4. On October 1,58,500 shares of common stock were sold for cash at $9 per share: 5. A cash dividend of $395,500 was declared and properly allocated to preferred and common stock on November 1 . No dividends were paid to preferred stockholders in 2024. 6. Net incorne for the year was $836,000. 7. On December 31,2025 , the directors authorized disclosure of a $165.000 restriction of retained earnings for plant expansion. (Use Note A.) Prepare the stockholders' equity section of the balance sheet at December 31. (Enter occount name only and do not provide descriptive information.)