Shown Below Is the Stockholders' Equity Section of Powell's Balance

Shown below is the stockholders' equity section of Powell's balance sheet at December 31, 2009:
In 2010, the following events occurred:
Powell issued 2,500 shares of $2 par common stock as payment for legal services. Although Powell's stock is not traded on any exchange, the agreed-upon value of the legal services is $80,000.
Powell issued 4,500 shares of 6% cumulative preferred stock, $100 par value, for $106 per share.
The board of directors declared a dividend of $1.25 per share on the common stock.
Powell's net income for 2007 was $675,000.
Instructions
Complete in good form the stockholders' equity section of a balance sheet prepared for Powell at December 31, 2010.
$\begin{array}{lrr}\text { Stockholders' equity: }\\ \text { Common stock, \( \$ 2 \) par value, 500,000 shares authorized, } &\\ \text {?? shares issued } &\$500,000&\\ \text { Additional paid-in capital: common stock } &1,750,000\\\\ \text { Total paid-in capital } &\$2,250,000\\ \text { Retained earnings. } &2,400,000\\\\ \text { Total stockholders' equity} &\$4,650,000\\\end{array}$

Stockholders' equity:
$6 \%$ cumulative preferred stock, $\$ 100$ par value,
10,000 shares authorized, 4,500 shares issued................. $\$$ ______
Total paid-in capital................ $\$$ ______
Total stockholders' equity........ $\$$ ______