Allen Company had the following transactions during 2017, its first year in business: January 2 Issued 49,000 shares of $5 par common stock for $8 per share. April 3 Issued 4,000 shares of $50 par preferred stock for $109 per share. October 6 Purchased 1,700 shares of treasury stock for $46 per share. December 9 Reissued 260 shares of treasury stock for $59 per share. In addition, Allen Company had $591,000 of net income for the year and, during the year, declared and distributed a cash dividend of $110,500. Required: Prepare the stockholders' equity section of the December 31, 2017, balance sheet. Note: In the final answer, use "Additional Paid-in Capital" to combine all the additional Paid-In Capital accounts.