On January 1, 2020, Cullumber Inc. had the following stockholders' equity balances.

Common Stock (435,000 shares issued)	$870,000
Paid-in Capital in Excess of Par-Common Stock	580,000
Common Stock Dividends Distributable	120,000
Retained Earnings	530,000

During 2020, the following transactions and events occurred.

1.		Issued 60,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021.
2.		Issued 30,000 shares of common stock for cash at $4 per share.
3.		Purchased 24,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $117,000.
5.		Sold 7,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $360,000.

Goodhue Inc. Stockholders' Equity Statement December 31, 2020 Paid-in Capital in Excess of Par - Common Stock Common Stock Common Stock Dividends Distributable Treasury Stock Retained Earnings Total Balances, Jan. 1 800,000 120,000 $ Issued 60,000 share for stock dividend Issued 30,000 shares for cash Purchased 25,000 shares of treasury stock nitidlo boddddd billiga lililidi obtidla lblll||| Declared cash dividend Sold 8,000 shares of treasury stock Net income for year X Balances, Dec. 31 $ $ $