The stockholders equity accounts of Flint Corporation on January 1, 2017, were as follows.

Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized)		$300,000
Common Stock ($4 stated value, 300,000 shares authorized)		1,000,000
Paid-in Capital in Excess of Par ValuePreferred Stock		15,000
Paid-in Capital in Excess of Stated ValueCommon Stock		480,000
Retained Earnings		686,500
Treasury Stock (5,000 common shares)		40,000

During 2017, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 5,000 shares of common stock for $30,000.
Mar.	20		Purchased 1,000 additional shares of common treasury stock at $7 per share.
Oct.	1		Declared a 8% cash dividend on preferred stock, payable November 1.
Nov.	1		Paid the dividend declared on October 1.
Dec.	1		Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017.
Dec.	31		Determined that net income for the year was $276,100. Paid the dividend declared on December 1.

Preferred Stock 1/1 Bal. 4 300000 12/31 Bal. 300000 Common Stock 1/1 Bal 1000000 20000 12/31 Bal.4 1020000 Paid-in Capital in Excess of Par Value-Preferred Stock 1/1 Bal. 4 15000 12/31 Bal. 15000 Paid-in Capital in Excess of Stated Value-Common Stock 1/1 Bal. 4 480000 30000 12/31 Bal. 510000 Retained Earnings 12/31 77000 T 1/1 Bal. 686500 12/31 276100 12/31 Bal. 785600 Cash Dividends 10/1 24000T 12/31 177000 12/1 153000 12/31 Bal. + Treasury Stock 1/1 Bal. 40000 3/20 7000 12/31 Bal. 47000 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. FLINT CORPORATION Partial Balance Sheet