Kohler Corporation reports the following components of stockholders equity on December 31, 2013:

Common Stock-$10 par value, 100,000 shares authorized, 40,000 shares issued

and outstanding. $400,000

Paid-in capital in excess of par value, common stock. $60,000

Retained Earnings $270,000

Total stockholders equity . $730,000

In the year 2014, the following transactions affected its stockholders equity accounts.

Jan 1. Purchased 4,000 shares of its own stock at $20 cash per share

Jan 5. Directors declared a $2 per share cash dividend payable on Feb. 28^th to the Feb 5^th stockholders of record.

Feb 28. Paid the dividend declared on January 5

July 6. Sold 1,500 of its treasury shares at $24 cash per share

Aug 22. Sold 2,500 of its treasury shares at $17 cash per share

Sept 5. Directors declared a $2 per share cash dividend payable on October 28^th to the September 25^th stockholders of record.

Oct 28. Paid the dividend declared on September 5.

Dec 31. Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Question:

Prepare the stockholders equity section of the companys balance sheet as of December 31, 2014