For the year ended December 31, 2019, the following stockholders\’ equity account

For the year ended December 31, 2019, the following stockholders\’ equity accounts are found in the general ledger of Despacito Corporation, Inc.
Common Stock ($5 par value) $1,700,000
Paid-in capital in excess of preferred shares 280,000
Paid-in capital in excess of common shares 900,000
Preferred shares (8%, 100 par, not accumulated) 500,000
Retained earnings 1,134,000
Shares in Portfolio (10,000 common shares) 120,000

Prepare the total stockholders\’ equity section of the Balance Sheet. This includes total paid-in capital and retained earnings.

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