On January 1, 2017, Shellenburger Inc. had the following stockholders equity account balances.

Common Stock, no-par value (501,500 shares issued)		$2,507,500
Common Stock Dividends Distributable		237,500
Retained Earnings		600,000

During 2017, the following transactions and events occurred.

1.		Issued 50,150 shares of common stock as a result of a 10% stock dividend declared on December 15, 2016.
2.		Issued 28,400 shares of common stock for cash at $5 per share.
3.		Corrected an error that had understated the net income for 2015 by $65,100.
4.		Declared and paid a cash dividend of $84,200.
5.		Earned net income of $286,000.

Prepare the stockholders equity section of the balance sheet at December 31, 2017