On January 1, 2025, Kimbel Inc. had these stockholders' equity balances.

During 2025, the following transactions and events occurred.

1. Issued 50,000 shares of \(\$ 1\) par value common stock for \(\$ 3\) per share.

2. Issued 60,000 shares of common stock for cash at \(\$ 4\) per share.

3. Purchased 20,000 shares of common stock for the treasury at \(\$ 3.80\) per share.

4. Declared and paid a cash dividend of \(\$ 207,000\).

5. Earned net income of \(\$ 410,000\).

6. Had other comprehensive income of \(\$ 17,000\).

Instructions

Prepare the stockholders' equity section of the balance sheet at December 31, 2025.

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Common Stock, $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding) Paid-in Capital in Excess of Par Retained Earnings Accumulated Other Comprehensive Income $ 600,000 1,500,000 700,000 60,000