Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations:

January 2	Issues 100,000 shares of common stock for $31 per share
February 6	Issues 2,600 shares of 8% preferred stock for $12 per share
September 10	Purchases 10,000 shares of its own common stock for $36 per share
December 15	Resells 5,000 shares of treasury stock at $41 per share

In its first year of operations, Finishing Touches has net income of $156,000 and pays dividends at the end of the year of $95,000 ($1 per share) on all common shares outstanding and $2,080 on all preferred shares outstanding.

Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)