The XYZ Company had the following stockholders'$-$equity accounts and activities during its

operating year ended December $31,2024$:

On January $1,2024$:

Retained earnings, unappropriated, $$400,000.$

Common stock, $$6$ par value, $10,000$ shares issued, $1,000$ shares in the corporate

treasury $($at a cost basis of $$24,000),$ market value of $$7$ per share.

Preferred stock, $$2$ dividend, $$4$ stated value, $12,000$ shares issued, market value of

$$5$ per share.

On December $31,2024$:

Recorded unrealized gains from investment in stock held available for sale, $$17,000.$

Recorded net income for the year of $$28,000.$

Declared the cash dividend for preferred stock.

Declared a $25\%$ stock dividend for common stock, with the market value unchanged

during the year.

Established a reserve for a sinking fund of $$40,000.$

Prepare a statement of stockholders' equity for The XYZ Company, for the year ended

December $31,2024.$