Exercise $10-8($Algo$)$ Prepare the stockholders' equity section $($LO$10-7)$

For Feet's Sake has two classes of stock authorized: $8\%,$$$10$ par preferred, and $$1$ par value common. The following transactions affect stockholders' equity during $2024,$ its first year of operations:

January $2$ Issues $100,000$ shares of common stock for $$17$ per share.

February $6$ Issues $1,200$ shares of $8\%$ preferred stock for $$12$ per share.

September $10$ Purchases $10,000$ shares of its own common stock for $$22$ per share.

December $15$ Resells $5,000$ shares of treasury stock at $$27$ per share.

In its first year of operations, For Feet's Sake has net income of $$142,000$ and pays dividends at the end of the year of $$95,000($ $$1$ per share$)$ on all common shares outstanding and $$960$ on all preferred shares outstanding.

Required:

Prepare the stockholders' equity section of the balance sheet for For Feet's Sake as of December $31,2024.($Amounts to be deducted should be indicated by a minus sign.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$FOR FEET'S SAKE$],[$Balance Sheet$],[($Stockholders$\text{'}$ Equity Section$)],[$December $31,2024],[$Stockholders$\text{'}$ equity:$],[$Preferred stock,$$,$

What am I doing wrong with my steps? I keep getting the wrong answer. Can you help me with breaking it down for me$?$