On January 1, 2014, Kessler Inc. had these stockholders equity balances. Common Stock, $1 par (2,699,300 shares authorized, 704,500 shares issued and outstanding) $704,500 Paid-in Capital in Excess of Par Value 1,474,100 Retained Earnings 694,500 During 2014, the following transactions and events occurred. 1. Issued 48,800 shares of $1 par value common stock for $3 per share. 2. Issued 61,400 shares of common stock for cash at $5 per share. 3. Purchased 14,900 shares of common stock for the treasury at $4.00 per share. 4. Declared and paid a cash dividend of $140,900. 5. Earned net income of $397,900. Prepare the stockholders equity section of the balance sheet at December 31, 201 What is the Common stock ? What is the Total paid in Capital?