on January $1,2022,$ Cullumber Inc. had the following stockholders' equity balances.

Common Stock $(435,000$ shares issued$)$ $$870,000$

Paid$-$in Capital in Excess of Par$-$Common Stock $580,000$

Common Stock Dividende Distributable $120,000$

Retained Earnings $530,000$

During $2022,$ the following transactions and events occurred.

$1.$ Issued $60,000$ shares of $$2$ par value common stock as a result of $15\%$ stock dividened declared on December $15,2023.$

$2.$ Issued $30,000$ shares of common stock for cash at $$4$ per share.

$3.$ Purchased $24,000$ shares of common stock for the treasury at $$5$ per share.

$4.$ Declared and paid a cash dividened of $$117,000.$

$5.$ Sold $7,000$ shares of treasury stock for cash at $$5$ per share.

$6.$ Earned net income of $$360,000.$

Prepare a stockholders' equity statement for the year. $($If an amount reduces the account balance then enter with negative sign preceding the number e$.$g$.-45$ or parenthese e$.$g$.(-45).)$