Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1,2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : Novenber 5 Issue an additional 116,000 ahares of conmon utock for $10 per share. Novenber 16 purchase 11,600 nhares of its own conmon atook (1.e., treasury ntook) for \$23 per share. November, 24 Rese11 5,600 shares of treasury stoek at $24 per share. Deceeber 1 Declare a cash dividend on its comon ntock of $13,000 ( 50.10 per share to all stockholders of record on Decamber 15 . December 20 pay the cash dividend declared on December 1. Decenber 10 pay $840,000 tor construation of new cabina and ofber facsilties, the entire expenditure in recorded in the Burzdinge account. 2. Great Adventures has net income of $38.560 in 2025 . Retained earnings at the beginning of 2025 was $34,250. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2025. (Amounts to be deducted should be Indicated with a minus sign.)