On January 1, 2022, Skysong, Inc. had the following stockholders' equity balances.

Common Stock (532,000 shares issued)		$2,128,000
Paid-in Capital in Excess of Par-Common Stock		540,000
Common Stock Dividends Distributable		319,200
Retained Earnings		577,000

During 2022, the following transactions and events occurred.

1.		Issued 79,800 shares of $4 par value common stock as a result of 15% stock dividend declared on December 15, 2021.
2.		Issued 31,500 shares of common stock for cash at $6 per share.
3.		Purchased 21,500 shares of common stock for the treasury at $7 per share.
4.		Declared and paid a cash dividend of $118,000.
5.		Sold 8,200 shares of treasury stock for cash at $7 per share.
6.		Earned net income of $342,000.

Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)