Sun Corporation received a charter that authorized the issuance of 95,000 shares of $6 par common stock and 21,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:

2016

Jan.	5	Sold 15,300 shares of the $4 par common stock for $6 per share.
	12	Sold 2,100 shares of the 6 percent preferred stock for $135 per share.
Apr.	5	Sold 20,400 shares of the $4 par common stock for $8 per share.
Dec.	31	During the year, earned $311,500 in cash revenue and paid $237,200 for cash operating expenses.
	31	Declared the cash dividend on the outstanding shares of preferred stock for 2016. The dividend will be paid on February 15 to stockholders of record on January 10, 2017. Please prepare a balance sheet for December 31 2016