B-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Mobile to issue 70,000 shares of 5%, $100 par value cumulative preferred stock, and 110,000 shares of $2 par value common stock. During the first month, B-mobile completed the following transactions:

Oct. 2 - Issued 19,000 shares of common stock for a building with a market value of $250,000

Oct. 6 - Issued 800 shares of preferred stock for $110 per share

Oct. 9 - Issued 15,000 shares of common stock for cash of $90,000

Oct. 10 - Declared a $16,000 cash dividend for stockholders of record on Oct. 20. Use a separate dividends payable account for preferred and common stock.

Oct. 25 - Paid the cash dividend.

Question: Prepare the stockholders' equity section of B-Mobile's balance sheet at October 31,204. Assume B-Mobile's net income for the month was $92,000.