Tamarisk Corporation has the following capital structure at the beginning of the year:

4% Preferred stock, $50 par value, 20,000 shares authorized, 5,000 shares issued and outstanding		$250,000
Common stock, $10 par value, 60,000 shares authorized, 35,000 shares issued and outstanding		350,000
Paid-in capital in excess of par		100,000
Total paid-in capital		700,000
Retained earnings		425,000
Total stockholders' equity		$1,125,000

Record the following transactions which occurred consecutively. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

1.		A total cash dividend of $75,000 was declared and payable to stockholders of record. Record dividends payable on common and preferred stock in separate accounts.
2.		A 15% common stock dividend was declared. The average fair value of the common stock is $20 a share.
3.		Assume that net income for the year was $130,000 (record the closing entry) and the board of directors appropriated $65,000 of retained earnings for plant expansion.

Construct the stockholders' equity section incorporating all the above information.

TAMARISK CORPORATION Balance Sheet (Partial)
Total Liabilities and Stockholders' EquityPaid-in CapitalTotal Current AssetsStockholders' EquityTotal Retained EarningsTotal Paid-in CapitalTotal Stockholders' EquityCurrent LiabilitiesCurrent AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Assets
Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal LiabilitiesPaid-in CapitalTotal Current AssetsTotal Retained EarningsTotal Current LiabilitiesTotal Stockholders' EquityStockholders' EquityTotal AssetsCurrent AssetsTotal Paid-in Capital
					$
Current AssetsTotal Current AssetsCurrent LiabilitiesPaid-in CapitalTotal LiabilitiesTotal Retained EarningsTotal Stockholders' EquityTotal Liabilities and Stockholders' EquityTotal AssetsStockholders' EquityTotal Current LiabilitiesTotal Paid-in Capital
			$
Total Stockholders' EquityTotal Retained EarningsCurrent LiabilitiesTotal Paid-in CapitalStockholders' EquityTotal AssetsTotal Current AssetsTotal LiabilitiesPaid-in CapitalTotal Current LiabilitiesCurrent AssetsTotal Liabilities and Stockholders' Equity
Total AssetsTotal Stockholders' EquityPaid-in CapitalCurrent LiabilitiesStockholders' EquityTotal LiabilitiesTotal Liabilities and Stockholders' EquityCurrent AssetsTotal Current LiabilitiesTotal Retained EarningsTotal Paid-in CapitalTotal Current Assets

Construct the stockholders' equity section incorporating all the above information.

TAMARISK CORPORATION Balance Sheet (Partial)
Total Liabilities and Stockholders' EquityPaid-in CapitalTotal Current AssetsStockholders' EquityTotal Retained EarningsTotal Paid-in CapitalTotal Stockholders' EquityCurrent LiabilitiesCurrent AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Assets
Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal LiabilitiesPaid-in CapitalTotal Current AssetsTotal Retained EarningsTotal Current LiabilitiesTotal Stockholders' EquityStockholders' EquityTotal AssetsCurrent AssetsTotal Paid-in Capital
					$
			$