Flint Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock and 987,500 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31, 2020, the ledger contained the following balances pertaining to stockholders equity.

Preferred Stock		$110,000
Paid-in Capital in Excess of ParPreferred Stock		32,000
Common Stock		987,500
Paid-in Capital in Excess of Stated ValueCommon Stock		1,382,500
Treasury Stock (1,040 common shares)		12,480
Paid-in Capital from Treasury Stock		1,560
Retained Earnings		81,000
Accumulated Other Comprehensive Income		56,000

The preferred stock was issued for land having a fair value of $142,000. All common stock issued was for cash. In November, 1,560 shares of common stock were purchased for the treasury at a per share cost of $12. In December, 520 shares of treasury stock were sold for $15 per share. No dividends were declared in 2020.

Prepare the stockholders equity section at December 31, 2020.

FLINT CORPORATION Balance Sheet (Partial)