When haven corporation was incorporated in 2013, authorization was obtained to issue 200,000 shares of $5 par value common stock and 6,000 shares of 8% cumulative preferred stock. The preferred stock has a par value of $100. All preferred stock was issued at $107 per share and 110,000 shares of common stock were sold at $9 per share. The operations of the company resulted in a net loss of $19,000 in 2013 and net income of $125,000 in 2014. In 2015, net income was $352,000, and the cash positioned was sufficient to allow the board of directors to declare a cash dividend of $1 per share to the common shareholders, as well as satisfy all preferred stock dividend requirements.

Complete in good form the stockholders equity section of haven corporation's balance sheet at dec. 31, 2015. (Hint: first determine the total amount of dividends declared in 2015)

Stockholders' equity 8% prefemed stock, $100 par value, 6,000 shares authorized and issued Common stock, $5 par value, 200,000 shares authorized, 110,000 shares issued Total paid-in capital Total stockholders' equity