To solve this problem, we need to correctly classify the treasury stock and related accounts within the balance sheet.

Given Information:

Preferred stock: $$110,000$

Common stock subscribed: $$24,000$

Retained earnings: $$40,000$

Sale of treasury stock: $$40,000($shaded cell with feedback$)$

Total: $$258,000$

Analysis:

The $$40,000$ likely represents the value from the sale of treasury stock.

The feedback indicates a need to adjust or correctly classify this amount.

Solution Steps:

Identify the correct account: The $$40,000$ should be classified under "Paid$-$in capital from the sale of treasury stock" if it resulted from selling above cost. If sold below cost, part of it may reduce "Paid$-$in capital from the sale of treasury stock" or "Retained earnings."

Adjust the shaded cell: Replace the $$40,000$ with the correct classification depending on the details of the sale:

If the sale was at a gain: classify under "Paid$-$in capital from sale of treasury stock." If at a loss: adjust "Retained earnings" or "Paid$-$in capital."

Kindly verify the sale details to finalize the classification.