On January 1, 2016, Fascom had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 247,000 shares issued	247,000
Paid-in capital - excess of par, common	494,000
Paid-in capital - excess of par, preferred	165,000
Preferred stock, $100 par, 16,500 shares outstanding	1,650,000
Retained earnings	3,300,000
Treasury stock, at cost, 4,700 shares	23,500

During 2016, Fascom Inc. had several transactions relating to common stock.

January 15:

Declared a property dividend of 100,000 shares of Slowdown Company (book value $11.3 per share, market value $9.65 per share).

February 17:

Distributed the property dividend.

April 10:

A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The market value of the stock was $4 on this date.

July 18:

Declared and distributed a 4% stock dividend on outstanding common stock. The market value is $5 per share.

December 1:

Declared a 50 cents per share cash dividend on the outstanding common shares.; Dec 20: pay cash dividend

Without preparing journal entries, prepare the shareholders' equity section of Fascom's balance sheet as of December 31, 2016. Assume net income is $470,000 for 2016. (Negative amounts should be entered with a minus sign.) PLEASE help me solve the retained earnings section.

Preferred Stock	1650000
Common Stock	508684
Paid in Capital--excess of par, preferred	165000
Paid in Capital--excess of par, common	571536
retained earnings	?????
treasury stock	(23500)