Kohler Corporation reports the following components of stockholders equity on December 31, 2015:

Common stock$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	900,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		370,000
Total stockholders equity	$	1,340,000

In year 2016, the following transactions affected its stockholders equity accounts.
Jan.	1		Purchased 4,500 shares of its own stock at $20 cash per share.
Jan.	5		Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb.	28		Paid the dividend declared on January 5.
July	6		Sold 1,688 of its treasury shares at $24 cash per share.
Aug.	22		Sold 2,812 of its treasury shares at $17 cash per share.
Sept.	5		Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct.	28		Paid the dividend declared on September 5.
Dec.	31		Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Prepare the stockholders' equity section of the companys balance sheet as of December 31, 2016.

KOHLER CORPORATION
Stockholders' Equity Section of the Balance Sheet
December 31, 2016
Common stock - $20 par value	$900,000
Paid-in capital in excess of par value, common stock	70,000
Total contributed capital	970,000
Retained earnings
Total stockholders' equity	$970,000