Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $490,000 of net income and the following selected transactions occurred in the order given:

a.	Issued 100,000 shares of the common stock at $64 cash per share.
b.	Reacquired 34,000 shares at $59 cash per share.
c.	Reissued 14,500 shares from treasury for $60 per share.
d.	Reissued 14,500 shares from treasury for $58 per share.

Prepare the stockholders equity section of the balance sheet at December 31.

Fill in the numbers below for the information in the parenthesis:

GLOBAL MARINE
Balance Sheet (Partial)
At December 31
Stockholders Equity
Contributed Capital:
(Common Stock)
(Additional Paid-In Capital-Common Stock)
Total Contributed Capital
(Retained Earnings)
Total
(Less:Treasury Stock, at cost)
Total Stockholders Equity