On January $1,202$X$,$ Derek Company had the following stockholders' equity balances:$$ Preferred Stock $(3\mathrm{.}6\%$; $$100$ par noncumulative; $4,000$ shares authorized; $2,500$ issued$)250,000$ Common Stock $($$$5$ par value; $300,000$ shares authorized; $150,000$ issued$)750,000$ Paid$-$in Capital in Excess of Par Value$$Preferred Stock $12,500$ Paid$-$in Capital in Excess of Par Value$$Common Stock $300,000$ Retained Earnings $685,500$ Treasury Stock $(4,000$ common shares$)32,000$ During the year, the company had the following transactions pertaining to stockholders' equity. Mar $1$ Issued $4,300$ shares of common stock for $$30,100.$ Apr $9$ Purchased $1,000$ additional shares of common treasury stock at $$8$ per share. Jun $12$ Declared a $3\mathrm{.}6\%$ cash dividend on preferred stock, payable July $1.$ Jul $1$ Paid the dividend declared on June $12.$ Oct $1$ Declared a $$0\mathrm{.}75$ per share cash dividend to common stockholders of record on October $15,$ payable October $31,202$X$.$ Assume $145,000$ shares outstanding. Oct $31$ Paid the dividend declared on October $1.$ Dec $31$ Determined that net income for the year was $$275,400.(3)$ Prepare the stockholders$$ equity section of the balance sheet at December $31,202$X$.$ Derek Company$$ Balance Sheet $($partial$)$ December $31,202$X Select $$ Select $$ Select $$ Select $$0$ Select $-$ Select $$ $$0$ Select $$ Select $$0$ Select $-$ Select $-$ Select $-$ Select $-$ Select $-$ Select $-$ Select $$ $$0(3)$ Prepare the stockholders' equity section of the balance sheet at December $31,202$X$.$Derek Company Balance Sheet $($partial$)$