Prepare the stockholder's equity section of the balance sheet for Teal Mountain Corporation at December 31,2020.

On January 1,2020, Teal Mountain Corporation had $2,170,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,010,000. The company issued 225,000 shares of common stock at $12 per share on July 1 . On December 15, the board of directors declared a 15% stock dividend to stockholders of record on December 31,2020 , payable on January 15 . 2021. The market value of Teal Mountain Corporation stock was $15 per share on December 15 and $16 per share on December 31 . Net income for 2020 was $510,000