Whispering Winds Corporation is authorized to issue $22,500$ shares of $$50$ par value, $10\%$ preferred stock and $130,000$ shares of $$5$ par value common stock. On January $1,2022,$ the ledger contained the following stockholders' equity balances.

$\backslash$table$[[$Preferred Stock $(10,500$ shares$),$$$525,000$

$($B$)$ Enter the beginning balance in the accounts, and post the journal entries to the stockholder equity account

$($C$)$ Prepare a stockholder equity section at December $31,2022.$