Additional information:1. Common stock is no-par with a stated value of $10 per share 90000 shares are authorized 50000 shares are issued and outstanding 6000 shares have been subscribed at a price of $28 per share.2. Preferred stock has a $50 par value 8000 shares are authorized 6000 shares are issued and outstanding 700 shares have been subscribed at a price of $70 per share. Each share is cumulative convertible into five shares of common stock and pays a 7% annual dividend. Dividends are not in arrears.3. Bonds payable mature on July 1 2019. They carry a 12% annual interest rate payable semiannually. The premium is being amortized using the straight-line method.RequiredPrepare the contributed capital section of the December 31 2007 balance sheet for the Jordan Corporation. Include appropriate parenthetical notes for the common and preferred stock.