Jedo Company obtained a charter from the state in January of this year. The charter authorized 1,000,000 shares of common stock with a $4 par value. During the year, the company earned $400,000. Also during the year, the following selected transactions occurred in the order given:

Sold 800,000 shares of the common stock for $68 per share.

Repurchased 44,000 shares for $64 per share.

Required:

Prepare the stockholders equity section of the balance sheet at the end of the year.