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

Common Stock (545,000 shares issued)	$1,090,000
Paid-in Capital in Excess of Par-Common Stock	500,000
Common Stock Dividends Distributable	150,000
Retained Earnings	560,000

During 2020, the following transactions and events occurred.

1.		Issued 75,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021.
2.		Issued 37,500 shares of common stock for cash at $4 per share.
3.		Purchased 33,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $113,000.
5.		Sold 7,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $345,000.

Prepare a stockholders' equity statement for the year.