At the beginning of the year, B2Men Music had the following in shareholders' equity:

Contributed Capital:
Common stock, $1 par	$ 100,000
Additional paid-in capital on common stock	$ 300,000
Total Contributed Capital	$ 400,000
Retained Earnings	$ 608,000
Total Shareholders' Equity	$ 1,008,000

The following happened during the year:
1.)	B2Men Music issued 50,000 shares of common stock at $5 per share.
2.)	They earned net income of $475,300.
3.)	B2Men Music paid a cash dividend of $.05 per share of common stock

Required: Prepare the statement of shareholders equity for the year.