15-3

Whispering Company has two classes of capital stock outstanding:8%, $20par preferred and $5par common. At December 31, 2017, the following accounts were included in stockholders' equity.

Preferred Stock,160,200shares $3,204,000

Common Stock,1,983,000shares 9,915,000

Paid-in Capital in Excess of ParPreferred Stock 200,000

Paid-in Capital in Excess of ParCommon Stock 26,495,000

Retained Earnings 4,431,000

The following transactions affected stockholders' equity during 2018.

Jan. 129,300shares of preferred stock issued at $24per share.

Feb. 148,800shares of common stock issued at $21per share.

June 12-for-1 stock split (par value reduced to $2.50).

July 128,100shares of common treasury stock purchased at $11per share. Whispering uses the cost method.

Sept. 1510,200shares of treasury stock reissued at $12per share.

Dec. 31The preferred dividend is declared, and a common dividend of55 per share is declared.

Dec. 31Net income is $2,103,000.

Prepare the stockholders' equity section for Whispering Company at December 31, 2018