The following accounts appear in the ledger of Alico Corporation after the books are closed at December 31, 2019.

Common Stock, $2 par value, 700,000 shares authorized, 400,000 shares

issued $800,000

Paid-in Capital in Excess of Par ValueCommon Stock .....650,000

Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 2,000 shares

issued ..200,000

Retained Earnings ..900,000

Treasury Stock (10,000 common shares) 85,000

Paid-in Capital in Excess of Par ValuePreferred Stock .310,000

Required: Prepare the stockholders' equity section at December 31, 2019