The Monty Corporation was incorporated on January 1, 2021, with the following authorized stocks:

20,000 shares of common stock no par value, stated value $40 per share.

8,000 shares of 5% cumulative preferred stock, par value $10 per share.

During 2021, Monty issued 10,000 shares of common stock for a total of $600,000 and 4,000 shares of preferred stock at $24 per share. In addition, on December 20, 2021, 1,000 shares of preferred stock were issued at a purchase price of $30. What should Monty report as preferred stocks on its December 31, 2021, balance sheet?