Prepare a stockholders' equity section at December 31.

On January 1, 2015, Primo Corporation had the following stockholders' equity accounts. Common Stock ($14 par value, 76,400 shares issued and outstanding) $1,069,600 183,300 Paid-in Capital in Excess of Par Value-Common Stock Retained Earnings 567,800 During the year, the following transactions occurred. Jan. 15 Declared a $1.20 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $15. (The new par value is $7.) Dec. 1 Declared a $0.40 per share cash dividend to stockholders of record on December 15, payable January 10, 2016. Dec. 31 Determined that net income for the year was $233,800