A company incorporated on January 1 and was authorized to issue 20,000 shares of $0.50 par value common stock. The following transactions occurred during the year:

January 2: Issued 13,000 shares of the common stock for $8 per share

March 4: Repurchased 1,600 shares for $10 each

June 1: Declared and paid a cash dividend of $0.75 per share

August 3: Declared a 2-for-1 forward stock split on the common stock.

The company that generated $22,000 of net income for the year.

Prepare the stockholders equity section of the company's balance sheet at year-end.