Fechter Corporation had the following stockholders equity accounts on January 1, 2017: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of ParCommon Stock $200,000, and Retained Earnings $100,000. In 2017, the company had the following treasury stock transactions.

Mar.	1		Purchased 5,000 shares at $8 per share.
June	1		Sold 1,000 shares at $12 per share.
Sept.	1		Sold 2,000 shares at $10 per share.
Dec.	1		Sold 1,000 shares at $7 per share.

Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the company reported net income of $30,000.

C. Prepare the stockholder's equity section for Fechter Corporation at December 31, 2017. (Total stockholders' equity should be $829,000).