At the beginning of Year 2, Jones Company had a balance in common stock of $300,000 and a balance of retained earnings of $15,000. During Year 2, the following transactions occurred: Issued common stock for $90,000 Earned net income of $50,000 Paid dividends of $8,000 Issued a note payable for $20,000 Based on the information provided, what is the total stockholders' equity on December 31, Year 2?