Steven's Restorations was organized in January 2019. During 2019, Steven's engaged in the following stockholders' equity activities:
a. Secured approval for a corporate charter that authorizes Steven's to sell 1,000,000, $10 par common shares and 75,000, $100 par preferred shares.
b. Sold 480,000 of the common shares for $15 per share.
c. Sold 25,000 of the preferred shares for $105 per share.
d. Repurchased 2,000 shares of the common stock at a cost of $18 per share.
e. Earned net income of $107,000.
f. Paid dividends of $13,000.
Required:
Prepare the stockholders' equity portion of Steven's balance sheet as of December 31, 2019?