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

Preferred stock, 12%, $100 par (100,000 shares authorized, 27,000 shares issued)		$2,700,000
Common stock, $1 par (1,000,000 shares authorized, 277,000 shares issued)		277,000
Additional paid-in capital-common		956,000
Retained earnings		1,349,000
Total		$5,282,000

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

1.		Paid the annual 2019 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2019.
2.		Purchased 1,100 shares of its own outstanding common stock for $8 per share. Sandhill uses the cost method.
3.		Reissued 1,100 treasury shares for land with an appraised value of $9,500. Sandhills common shares were trading for $8.50 per share.
4.		Issued 52,000 shares of common stock at $9 per share.
5.		Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $10 per share.
6.		Declared the annual 2020 dividend on preferred stock and the $0.50 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 $609,000.