Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following stockholders' equity activities:
a. Secured approval for a corporate charter that authorizes Green Line to sell 1,500,000, $2 par common shares and 200,000, $25 par preferred shares.
b. Sold 120,000 of the common shares for $9 per share.
c. Sold 65,000 of the preferred shares for $32 per share.
d. Repurchased 15,000 shares of the common stock at a cost of $11 per share.
e. Earned net income of $460,000.
f. Paid dividends of $52,000.
Required:
Prepare the stockholders' equity portion of Green Line's balance sheet as of December 31, 2019?