On December 31, 2013, Paxson Company had 1,397,100 shares of $6 par common stock issued and outstanding. At December 31, 2013, stockholders' equity had the amounts listed here.
| Common Stock |
|
$8,382,600 |
| Additional Paid-in Capital |
|
1,833,600 |
| Retained Earnings |
|
1,130,000 |
Transactions during 2014 and other information related to stockholders' equity accounts were as follows.
| 1. |
|
On January 10, 2014, issued at $112 per share 120,200 shares of $100 par value, 8% cumulative preferred stock. |
| 2. |
|
On February 8, 2014, reacquired 16,400 shares of its common stock for $11 per share. |
| 3. |
|
On May 9, 2014, declared the yearly cash dividend on preferred stock, payable June 10, 2014, to stockholders of record on May 31, 2014. |
| 4. |
|
On June 8, 2014, declared a cash dividend of $1.30 per share on the common stock outstanding, payable on July 10, 2014, to stockholders of record on July 1, 2014. |
| 5. |
|
Net income for the year was $3,579,700. |
Prepare the stockholders' equity section of Paxson's balance sheet at December 31, 2014. (please provide answer in table)