Raymines Inc.'s articles of incorporation authorize the firm to issue 777,000 shares of $5 par value common stock, of which 265,000 shares have been issued. Those shares were sold at an average of 12 percent over par. Today marks the end of the year and it is clear that Raymine earned $460,000 net income; 4 percent of that income was paid as a dividend. The previous balance sheet showed that, Raymine had $ 3,545,000 in retained earnings. The company owns no treasury stock. Create an equity statement for Raymine.