Carpenter Corporation reported the following statement of shareholders’ equity as of December 31, 2006:

Common stock at par	$600,000
Additional paid-in-capital	900,000
Treasury stock	(200,000)
Retained earnings	10,500,000
Accumulated other comprehensive income	450,000
	$12,250,000

• earned net income of $1,700,000.
• declared dividends of $300,000. $75,000 of the dividends remain unpaid.
• purchased held-to-maturity securities for $100,000. The securities have a fair value of $110,000 at year-end.
• purchased available-for-sale securities for $250,000. The securities have a fair value of $225,000 at year-end.
• translated the financial statements of a foreign subsidiary and calculated a $90,000 unrealized gain.
• purchased treasury stock for $75,000. The stock was valued at $60,000 when issued.