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Graynold Company reported the following balances at December 31, 2013: common stock $401,840; paid-in capital in excess of par value $103,820; retained earnings $241,940. During 2014, the following transactions affected stockholder's equity.

1. Issued preferred stock with a par value of $125,950 for $208,250.
2. Purchased treasury stock (common) for $35,010.
3. Earned net income of $136,420.
4. Declared and paid cash dividends of $59,240.

Instructions: Calculate stockholders' equity ending 2014