The following accounts appear in the ledger of Tiger Inc. after the books are closed at December 31.
Common Stock, no par, $1 stated value, 400,000 shares authorized;
300,000 shares issued .................... $ 300,000
Common Stock Dividends Distributable .............. 60,000
Paid-in Capital in Excess of Stated Value—Common Stock ..... 1,200,000
Preferred Stock, $5 par value, 8%, 40,000 shares authorized;
30,000 shares issued ....................... 150,000
Retained Earnings ........................ 700,000
Treasury Stock (10,000 common shares) .............. 74,000
Paid-in Capital in Excess of Par Value—Preferred Stock ........ 344,000

Instructions
Prepare the stockholders’ equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $100,000.