Pronghorn Company reported the following amounts in the stockholders equity section of its December 31, 2019, balance sheet.

Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued)		$200,000
Common stock, $5 par (98,500 shares authorized, 19,700 shares issued)		98,500
Additional paid-in capital		135,000
Retained earnings		479,000
Total		$912,500

During 2020, Pronghorn took part in the following transactions concerning stockholders equity.

1.		Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019.
2.		Purchased 1,600 shares of its own outstanding common stock for $43 per share. Pronghorn uses the cost method.
3.		Reissued 800 treasury shares for land valued at $36,200.
4.		Issued 530 shares of preferred stock at $105 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share.
6.		Issued the stock dividend.
7.		Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021.

Prepare the December 31, 2020, stockholders equity section. Assume 2020 net income was $316,000.