The following stockholders’ equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2017.

Common Stock ($5 stated value)....................................................................$2,000,000

Paid-in Capital from Treasury Stock.......................................................................10,000

Paid-in Capital in Excess of Par—Preferred Stock..........................................679,000

Paid-in Capital in Excess of Stated Value—Common Stock....................1,600,000

Preferred Stock (8%, $50 par).................................................................................800,000

Retained Earnings....................................................................................................1,748,000

Treasury Stock (10,000 common shares)...........................................................130,000

Instructions

Prepare a stockholders’ equity section at December 31, 2017.