Burke Corporation was organized on January 1, 2014. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 455,400 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 99,600 shares of common stock for cash at $5 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $107 per share. Apr. 1 Issued 19,800 shares of common stock for land. The asking price of the land was $96,000. The fair value of the land was $85,500. May 1 Issued 75,600 shares of common stock for cash at $6.98 per share. Aug. 1 Issued 10,100 shares of common stock to attorneys in payment of their bill of $36,300 for services provided in helping the company organize. Sept. 1 Issued 11,700 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,790 shares of preferred stock for cash at $115 per share.

Post to the stockholders equity accounts. (Post entries in the order of journal entries presented in the previous part.)

Prepare the paid-in capital section of stockholders equity at December 31, 2014.