Skysong, Inc. reported the following balances at December 31, 2021: common stock $403,000, paid-in Capital in Excess of Par- common stock $102,000, and retained earnings $252,000. During 2022, the following transactions affected stockholders' equity.
Issued preferred stock with a par value of $126,000 for $208,000.
Purchased treasury stock (common) for $42.000.
Earned net income of $145,000.
Declared and paid cash dividends of $59.000.
Prepare the stockholders' equity section of Skysong, Inc.'s December 31, 2022, balance sheet.​