Stock Split Blend Corporation issued 25,000 shares of $6-par value common stock at $18 per share on January 1, 1996. A total of 100,000 shares was authorized for issuance. In the period between January 1, 1996, and December 31, 1999, Blend reported net income of $640,000 and paid cash dividends of $300,000. Net income for 2000 was $175,000. Blend Corporation declared and immediately distributed a 3-for-1 stock split in November 2000. A cash dividend of $1.20 on each new share was declared in early December 2000 and paid prior to December 31. Prepare the stockholders’ equity section of Blend’s balance sheet at December 31, 2000.