Marshall Company issued 3,000 $7 par value common shares for $31,000 cash on Jan. 1, Year 1. On the same date the firm issued 700 of its $6 per share par value 9% preferred shares for $5,000 cash. These preferred shares are cumulative and participating. In Year 1, Marshall had Net Income of $17,000.

Year 2:

On Jan. 1, Year 2, the firm bought 600 treasury shares for $10 cash per share. During Year 2, the firm had Net Income of $19,000.

Year 3:

On Jan. 1, Year 3, the firm sold 40% of its treasury shares for $12 per share. Net Income in Year 3 was $21,000.

Year 4:

On Jan. 1, Year 4, the firm sold 200 of its treasury shares for $6 per share. Net Income for Year 4 was $21,000.

What is the balance in the Common Stock [C/S] account at the end of Year 2?