December $31,2024,$ Sandhill Co$.$ had $1,385,000$ shares of $$5$ par common stock issued and outstanding. At December $31,2024,$ stockholders' equity had the amounts listed here.Common Stock$$6,925,000$Additional Paid$-$in Capital$1,735,000$Retained Earnings$1,135,000$Transactions during $2025$ and other information related to stockholders' equity accounts were as follows$\mathrm{.}1.$ On January $10,$ issued at $$113$ per share $123,000$ shares of $$100$ par value, $7\%$ cumulative preferred stock$\mathrm{.}2.$ On February $8,$ reacquired $18,700$ shares of its common stock for $$11$ per share$\mathrm{.}3.$ On May $9,$ declared the yearly cash dividend on preferred stock, payable June $10,$ to stockholders of record on May $31\mathrm{.}4.$ On June $8,$ declared a cash dividend of $$1\mathrm{.}45$ per share on the common stock outstanding, payable on July $10$ to stockholders of record on July $1\mathrm{.}5.$ Net income for $2025$ was $$3,515,000.$ Prepare a partial balence sheet