On December 31, 2013, Paxson Company had 1,326,600 shares of $6 par common stock issued and outstanding. At December 31, 2013, stockholders equity had the amounts listed here.

Common Stock

$7,959,600

Additional Paid-in Capital

1,799,800

Retained Earnings 1,253,400

Transactions during 2014 and other information related to stockholders equity accounts were as follows

1.		On January 10, 2014, issued at $112 per share 128,000 shares of $103 par value, 8% cumulative preferred stock.
2.		On February 8, 2014, reacquired 17,520 shares of its common stock for $13 per share.
3.		On May 9, 2014, declared the yearly cash dividend on preferred stock, payable June 10, 2014, to stockholders of record on May 31, 2014.
4.		On June 8, 2014, declared a cash dividend of $1.00 per share on the common stock outstanding, payable on July 10, 2014, to stockholders of record on July 1, 2014.
5.		Net income for the year was $3,578,300.

Prepare the stockholders equity section of Paxsons balance sheet at December 31, 2014.