Whispering Company has two classes of capital stock outstanding:8%, $20 par preferred and $5 par common. At December 31, 2017, thefollowing accounts were included in stockholders’ equity.
| Preferred Stock, 137,800 shares | | $ 2,756,000 |
| Common Stock, 2,014,000 shares | | 10,070,000 |
| Paid-in Capital in Excess of Par—Preferred Stock | | 199,000 |
| Paid-in Capital in Excess of Par—Common Stock | | 26,771,000 |
| Retained Earnings | | 4,429,000 |
The following transactions affected stockholders’ equity during2018.
| Jan. 1 | | 30,900 shares of preferred stock issued at $24 per share. |
| Feb. 1 | | 50,100 shares of common stock issued at $21 per share. |
| June 1 | | 2-for-1 stock split (par value reduced to $2.50). |
| July 1 | | 32,700 shares of common treasury stock purchased at $10 pershare. Whispering uses the cost method. |
| Sept. 15 | | 9,400 shares of treasury stock reissued at $11 per share. |
| Dec. 31 | | The preferred dividend is declared, and a common dividend of46¢ per share is declared. |
| Dec. 31 | | Net income is $2,093,000. |
Prepare the stockholders’ equity section for Whispering Company atDecember 31, 2018. (Enter account name only and do notprovide descriptive information.)
