On January $1,2027,$ Cullumber Corporation had the following stockholders' equity accounts.

Common Stock $($$$20$ par value, $62,000$ shares issued and outstanding$)$

$$1,240,000$

Paid$-$in Capital in Excess of Par$-$Common Stock

$191,000$

Retained Earnings

$636,000$

$>$

During the year, the following transactions occurred.

Feb. $1$

Declared a $$2$ cash dividend per share to stockholders of record on February $15,$ payable March $1.$

Mar. $1$

Paid the dividend declared in February.

Apr. $1$

Announced a $2-$for$-1$ stock split. Prior to the split, the market price per share was $$35.$

July $1$

Declared a $15\%$ stock dividend to stockholders of record on July $15,$ distributable July $31.$ On July $1,$ the market price of the stock was $$15$ per share.

$31$

Issued the shares for the stock dividend.

Dec. $1$

Declared a $$0\mathrm{.}50$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$

Determined that net income for the year was $$386,000.$

Prepare a stockholders' equity section at December $31,2027.($Enter account name only and do not provide descriptive

information.$)$