On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 259,000 shares issued	$	259,000
Paid-in capitalexcess of par, common		518,000
Paid-in capitalexcess of par, preferred		145,000
Preferred stock, $100 par, 14,500 shares outstanding		1,450,000
Retained earnings		2,900,000
Treasury stock, at cost, 5,900 shares		29,500

During 2021, Fascom Inc. had several transactions relating to common stock.

January		15:		Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.9 per share, fair value $9.45 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. (Fascom chose to reduce Paid-in capitalexcess of par.) 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, 2021. Assume net income is $590,000 for 2021. (Negative amounts should be entered with a minus sign.)

- I've tried using the methods from the other Chegg examples, but still can't seem to find the answer for the two.

X Answer is complete but not entirely correct. FASCOM Balance Sheet (Partial) December 31, 2021 Shareholders' equity Preferred stock $ 1,450,000 527,286 Common stock Paid-in capital - excess of par, preferred Paid-in capital - excess of par, common Treasury stock Retained earnings 145,000 578,744 x -29,500 1,955,277 X Total shareholders' equity $ 4,626,807