The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31.

Common Stock, no par, $2 stated value, 405,000 shares authorized; 291,000 shares issued $ 582,000

Common Stock Dividends Distributable 25,500

Paid-in Capital in Excess of Stated ValueCommon Stock 130,000

Preferred Stock, $5 par value, 8%, 36,000 shares authorized; 29,000 shares issued 145,000

Retained Earnings 837,000

Treasury Stock (11,500 common shares) 85,100

Paid-in Capital in Excess of ParPreferred Stock 350,000

Prepare the stockholders equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $110,000.