On January 1, 2017, Skysong, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,000,000 shares authorized, 620,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $620,000 1,440,000 710,000 58,000 During 2017, the following transactions and events occurred. 1. 2. 3. 4. 5. 6. Issued 45,000 shares of $1 par value common stock for $5 per share. Issued 55,500 shares of common stock for cash at $4 per share. Purchased 14,000 shares of common stock for the treasury at $3.60 per share. Declared and paid a cash dividend of $211,000. Earned net income of $391,000. Had other comprehensive income of $17,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017