Wildhorse Corporation was organized on January $1,2027.$ It is authorized to issue $24,000$ shares of $5\%,$$$53$ par value preferred stock and $460,000$ shares of no$-$par common stock with a stated value of $$1$ per share. The following stock transactions were completed during the first year.

Jan. $10$ Issued $70,000$ shares of common stock for cash at $$4$ per share.

Mar. $1$ Issued $11,500$ shares of preferred stock for cash at $$54$ per share.

May $1$ Issued $115,000$ shares of common stock for cash at $$6$ per share.

Sept. $1$ Issued $5,000$ shares of common stock for cash at $$7$ per share.

Nov. $1$ Issued $3,000$ shares of preferred stock for cash at $$58$ per share.

$($a$).$

$($b$)$

Prepare the paid$-$in capital portion of the stockholders' equity section at December $31,2027.$

WILDHORSE CORPORATION

Partial Balance Sheet