Monty Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet.

Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued)		$180,000
Common stock, $5 par (103,500 shares authorized, 20,700 shares issued)		103,500
Additional paid-in capital		114,000
Retained earnings		423,000
Total		$820,500

Prepare the December 31, 2017, stockholders equity section. Assume 2017 net income was $336,000.