On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 250,000 shares issued		250,000
Paid-in capitalexcess of par, common		500,000
Paid-in capitalexcess of par, preferred		100,000
Preferred stock, $100 par, 10,000 shares outstanding		1,000,000
Retained earnings		2,000,000
Treasury stock, at cost, 5,000 shares		25,000

During 2018, Fascom Inc. had several transactions relating to common stock.

January		15:		Declared a property dividend of 100,000 shares of Slowdown Company (book value $10 per share, fair value $9 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 fair value of the stock was $4 on this date.
July		18:		Declared and distributed a 3% stock dividend on outstanding common stock. The fair value is $5 per share.
December		1:		Declared a 50 cents per share cash dividend on the outstanding common shares.
December		20:		Paid the cash dividend.

Required: Without preparing journal entries, prepare the shareholders' equity section of Fascom's balance sheet as of December 31, 2018. Assume net income is $500,000 for 2018. (Negative amounts should be entered with a minus sign.)

Balance sheet (Partial)

December 31, 2018

Shareholders' equity