On January 1, 2017, Teal Mountain Inc. had these stockholders' equity balances. Common Stock, $1 par (3,000,000 shares authorized, 635,000 shares issued and outstanding) $635,000 1,400,000 Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income 698,000 56,000 During 2017, the following transactions and events occurred. 1. 2. 3. Issued 47,000 shares of $1 par value common stock for $3 per share. Issued 59,000 shares of common stock for cash at $4 per share. Purchased 21,500 shares of common stock for the treasury at $3.85 per share. Declared and paid a cash dividend of $186,500. Earned net income of $409,500. 4. 5. 6. Had other comprehensive income of $17,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017. TEAL MOUNTAIN INC. Partial Balance Sheet $