The ledger of Bramble Corp. at December 31, 2017, after the books have been closed, contains the following stockholders equity accounts.

Preferred Stock (13,000 shares issued)		$1,339,000
Common Stock (313,000 shares issued)		1,565,000
Paid-in Capital in Excess of Par ValuePreferred Stock		152,000
Paid-in Capital in Excess of Stated ValueCommon Stock		1,690,000
Retained Earnings		2,815,000

A review of the accounting records reveals this information:

1.		Preferred stock is 8%, $103 par value, noncumulative. Since January 1, 2016, 13,000 shares have been outstanding; 26,000 shares are authorized.
2.		Common stock is no-par with a stated value of $5 per share; 626,000 shares are authorized.
3.		The January 1, 2017, balance in Retained Earnings was $2,376,000.
4.		On October 1, 61,000 shares of common stock were sold for cash at $9 per share.
5.		A cash dividend of $399,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2016.
6.		Net income for the year was $838,000.
7.		On December 31, 2017, the directors authorized disclosure of a $152,000 restriction of retained earnings for plant expansion. (Use Note A.)

1- Reproduce the retained earnings account for the year.

2- Prepare the stockholders equity section of the balance sheet at December 31.