Houston Corporation reported its stockholders' equity information for the year 2018 as follows:

Common stock of $5 par value, 100,000 shares authorized,

50,000 shares issued and outstanding $250,000

Additional paid-in capital 125,000

Retained earnings 400,000

Treasury stock 2,500 shares at cost $7

Net income for the year 80,000

Prepare the stockholders' equity section of the balance sheet as it should appear on December 31, 2018.