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QS $11-19($Algo$)$ Preparing stockholders$$ equity section LO P$1,$ C$2,$ P$3$

On December $31,$ Westworld Incorporated has the following equity accounts and balances.

Preferred Stock $ $7,400$ Retained Earnings $ $47,000$

Common Stock $1,400$ Paid$-$In Capital in Excess of Par Value, Common Stock $39,400$

Treasury Stock $2,400$ Paid$-$In Capital in Excess of Par Value, Preferred Stock $3,400$

Prepare the stockholders$$ equity section of Westworld$$s balance sheet.

Note: Amounts to be deducted should be indicated by a minus sign.