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On January 1, 2017, Teal Mountain Inc. had these stockholders equity balances. Common Stock, $1 par (2,000,000 shares authorized, 680,000 shares issued and outstanding) $680,000

On January 1, 2017, Teal Mountain Inc. had these stockholders equity balances.

Common Stock, $1 par (2,000,000 shares authorized, 680,000 shares issued and outstanding) $680,000
Paid-in Capital in Excess of Par Value 1,530,000
Retained Earnings 691,000
Accumulated Other Comprehensive Income 61,000

During 2017, the following transactions and events occurred.

1. Issued 49,500 shares of $1 par value common stock for $2 per share.
2. Issued 56,000 shares of common stock for cash at $5 per share.
3. Purchased 15,700 shares of common stock for the treasury at $4.00 per share.
4. Declared and paid a cash dividend of $209,500.
5. Earned net income of $423,000.
6. Had other comprehensive income of $19,000.

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

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