On January 1, 2014, Shellenburger Inc. had the following stockholders equity account balances.

Common Stock, no-par value (504,000 shares issued)		$2,016,000
Common Stock Dividends Distributable		243,000
Retained Earnings		577,000

During 2014, the following transactions and events occurred.

1.		Issued 60,480 shares of common stock as a result of a 12% stock dividend declared on December 15, 2013.
2.		Issued 33,000 shares of common stock for cash at $6 per share.
3.		Corrected an error that had understated the net income for 2012 by $75,000.
4.		Declared and paid a cash dividend of $84,000.
5.		Earned net income of $296,000.

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