Jennifer Corporation has issued 300,000 shares of \($3\) par value common stock. It is authorized to issue 600,000 shares. The paid-in capital in excess of par value on the common stock is \($380,000\). The corporation has reacquired 15,000 shares at a cost of \($50,000\) and is currently holding those shares. The corporation also has 4,000 shares issued and outstanding of 8%, \($100\) par value preferred stock. It is authorized to issue 10,000 shares. The paid-in capital in excess of par value on the preferred stock is \($97,000\). Retained earnings is \($610,000\). Prepare the stockholders' equity section of the balance sheet.