The stockholders' equity section of Pina Colada Corp.$\text{'}$s balance sheet at December $31$ is presented here.

Pina Colada Corp. Balance Sheet$($Partial$)$

Stockholders' equity

Paid$-$in capital

$\backslash$table$[[$Preferred stock, cumulative, $10,000$ shares authorized, $7,000$ shares issued and outstanding,$$840,000$