Grayson Company had the following transactions during 2005, its first year in business:

January 4

Issued 12000 shares of $5 par

common stock for $11 per share.

April 6

Issued 10000 shares of $86 par

preferred stock for $128 per share.

October 5

Purchased 580 shares of treasury

stock for $32 per share.

December 11

Reissued 310 shares of treasury

stock for $53 per share.

In addition, Grayson Company had $470000 of net income for the year and, during the year, declared and distributed a cash dividend of $83400.

Prepare the stockholders' equity section of the December 31, 2005 balance sheet. (In the final answer, use "Total Additional Paid-in Capital" when combining all the additional paid-in capital accounts.)

Stockholders' Equity

Preferred Stock, $86 par value, 10000 shares issued

Common Stock, $5 par value, 12000 shares issued

Total Additional Paid-in Capital

Retained Earnings

Treasury Stock, 580 shares at cost

Total Stockholders' Equity