Ivanhoe Tandy Company reported the following post$-$closing balances at December $31,2021$ ; common stock $$504,000$; paid$-$in capital in excess of par$-$common stock $$204,000$; retained earnings $$354,000.$ During $2022,$ the following transactions affected stockholder's equity.

Issued preferred stock with a par value of $$204,000$ for $$234,000.$

Purchased treasury stock $($common$)$ for $$74,000.$

Earned net income of $$244,296.$

Dectared and paid cash dividends of preferred$).$

$($a$)$

Prepare the stockholders' equity section of Ivanhoe Tandy Company's December $31,2022,$ balance sheet.