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On January 1,2025, Cullumber Inc had these stockholders' equity balances. Common Stock, $1 par (2,300,000 shares authorized, 590,000 shares issued and outstanding) $590,000 Paid-in Capital

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On January 1,2025, Cullumber Inc had these stockholders' equity balances. Common Stock, $1 par (2,300,000 shares authorized, 590,000 shares issued and outstanding) $590,000 Paid-in Capital in Excess of Par 1,475,000 Retained Earnings 697,000 Accumulated Other Comprehensive Income 49,000 During 2025 , the following transactions and events occurred. 1. Issued 52,000 shares of $1 par vatue common stock for $3 per share. 2. Issued 61,000 shares of common stock for cash at $6 per share. 3. Purchased 22,400 shares of common stock for the treasury at $3.20 per share. 4. Declared and paid a cash dividend of $157,000. 5. Earned net income of $442,500. 6. Had other comprehensive income of $15,400. Prepare the stockholders' equity section of the balance sheet at December 31, 2025. (Enter occount name only and do not provide descriptive information.) Prepare the stockholders' equity section of the balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information.)

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