The stockholders' equity section of Sunland Company's balance sheet at December $31$ is presented here.

$\backslash$table$[[\backslash$table$[[$Sunland Company$],[$Balance Sheet$($Partial$)]]],[$Stockholders$\text{'}$ equity$],[$Paid$-$in capital,$],[$Preferred stock, cumulative, $12,000$ shares authorized, $8,400$ shares issued and outstanding,$$672,000$