On January 1, 2015, Kimbel Inc. had these stockholders equity balances.

Common Stock, $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding) $600,000

Paid-in Capital in Excess of Par Value 1,500,000

Retained Earnings 700,000

Accumulated Other Comprehensive Income 60,000

During 2015, the following transactions and events occurred.

1. Issued 50,000 shares of $1 par value common stock for $3 per share.

2. Issued 60,000 shares of common stock for cash at $4 per share

3. Purchased 20,000 shares of common stock for the treasury at $3.80 per share.

4. Declared and paid a cash dividend of $207,000.

5. Earned net income of $410,000.

6. Had other comprehensive income of $17,000. Prepare the stockholders equity section of the balance sheet at December 31, 2015.