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On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 253,000 shares issued $ 253,000 Paid-in

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

Common stock, $1 par, 253,000 shares issued $ 253,000
Paid-in capitalexcess of par, common 506,000
Paid-in capitalexcess of par, preferred 115,000
Preferred stock, $100 par, 11,500 shares outstanding 1,150,000
Retained earnings 2,300,000
Treasury stock, at cost, 5,300 shares 26,500

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 $10.3 per share, fair value $9.15 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 $530,000 for 2021. (Negative amounts should be entered with a minus sign.)

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