DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 533,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 78,000 shares of common stock for cash at $6 per share.
Mar.	1		Issued 4,750 shares of preferred stock for cash at $105 per share.
Apr.	1		Issued 24,000 shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $87,000.
May	1		Issued 76,500 shares of common stock for cash at $4.25 per share.
Aug.	1		Issued 11,000 shares of common stock to attorneys in payment of their bill of $42,000 for services performed in helping the company organize.
Sept.	1		Issued 11,500 shares of common stock for cash at $5 per share.
Nov.	1		Issued 1,500 shares of preferred stock for cash at $108 per share.

Post to the stockholders equity accounts.

Prepare the paid-in capital section of stockholders equity at December 31, 2017.