On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 251,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $100 par, 10,500 shares outstanding Retained earnings Treasury stock, at cost, 5, 100 shares $ 251,000 502,000 105,000 1,050,00 2,100,000 25,500 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 $10.1 per share, fair value $9.05 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 capital-excess of par.) The fair value of the stock was $4 on this date. July 18: Declared and distributed a 4% 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 $510,000 for 2021. (Negative amounts should be entered with a minus sign.) FASCOM Balance Sheet (Partial) December 31, 2021 Shareholders' equity Total shareholders' equity $ 0