Universal Syndicates, Inc., began 19X8 with 3 million shares of \(\$ 1\) par common stock issued and outstanding. Beginning capital in excess of par was \(\$ 6.4\) million, and retained earnings was \(\$ 9.7\) million. In March 19X8 Universal issued 50,000 shares of stock at \(\$ 50\) per share. 19X8 was an exceptional year for Universal. The company's stock price reached an all-time high of \(\$ 95\) late in October. Universal split the stock two for one. Then in December, when the stock's market price was \(\$ 45\) per share, the board of directors declared a 2-percent stock dividend, distributable in January 19X9.
\section*{Required}
Without making journal entries, show the balance in each stockholders' equity account at December \(31,19 \mathrm{X} 8\).