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On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common...

On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 253,000 shares issued $ 253,000
Paid-in capital–excess of par, common 506,000
Paid-in capital–excess of par, preferred 115,000
Preferred stock, $100 par, 11,500 shares outstanding 1,150,000
Retained earnings 2,300,000
Treasury stock, at cost, 5,300 shares 26,500


During 2021, Fascom Inc. had several transactions relating to common stock.

January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.3 per share, fair value $9.15 per share).
February 17: Distributed the property dividend.
April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Fascom chose to reduce Paid-in capital—excess of par.) The fair value of the stock was $4 on this date.
July 18: Declared and distributed a 3% stock dividend on outstanding common stock. The fair value is $5 per share.
December 1: Declared a 50 cents per share cash dividend on the outstanding common shares.
December 20: Paid the cash dividend.


Required:
Without preparing journal entries, prepare the shareholders' equity section of Fascom's balance sheet as of December 31, 2021. Assume net income is $530,000 for 2021. (Negative amounts should be entered with a minus sign.)

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