During all of 2000, stockholders of the Planet Pluto Corporation owned 15,000 shares of its $4 par value common stock. They had purchased this stock from the corporation for $28 per share. At the end of 2000, the Planet Pluto Corporation had an ending balance of $247,000 in its retained earnings account.

Required: Prepare the stockholders’ equity section of the Planet Pluto Corporation’s December 31, 2000 balance sheet.  TK-1