On December 31 2013 Peabody Company Had 820000 Shares Of

On December 31, 2013, Peabody Company had 820,000 shares of $10 par common stock issued and outstanding. At December 31, 2013, stockholders’ equity had the amounts listed here.
Common Stock………………….$8,200,000
Additional Paid-in Capital……………….2, 460,000
Retained Earnings…………………..1,600,000
Transactions during 2014 and other information related to stockholders’ equity accounts were as follows.
1On January 18, 2014, issued at $107 per share 80,000 shares of $100 par value, 7% cumulative preferred stock.
2On March 23, 2014, reacquired 20,000 shares of its common stock for $15 per share.
3On May 15, 2014, declared the yearly cash dividend on preferred stock, payable June 12, 2014, to stockholders of record on May 31, 2014.
4On June 8, 2014, declared a cash dividend of $2.00 per share on the common stock outstanding, payable on July 10, 2014, to stockholders of record on July 1, 2014.
5Net income for the year was $2,900,000.
Instructions
Prepare the stockholders’ equity section of Peabody’s balance sheet at December 31, 2014.

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