3. Cullumber Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders equity. Preferred Stock, 136,700 shares $ 2,734,000 Common Stock, 1,977,000 shares 9,885,000 Paid-in Capital in Excess of ParPreferred Stock 201,000 Paid-in Capital in Excess of ParCommon Stock 26,668,000 Retained Earnings 4,584,000 The following transactions affected stockholders equity during 2021. Jan. 1 31,300 shares of preferred stock issued at $22 per share. Feb. 1 48,400 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 30,100 shares of common treasury stock purchased at $11 per share. Cullumber uses the cost method. Sept. 15 10,100 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 48 per share is declared. Dec. 31 Net income is $2,104,000. Prepare the stockholders equity section for Cullumber Company at December 31, 2021. (Enter account name only and do not provide descriptive information.) CULLUMBER COMPANY Stockholders Equity $ $ : $ eTextbook and Media List of AccountsAssistance Used Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Income Summary Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Retained Earnings Appropriated for Plant Expansion Share Capital-Ordinary Share Capital-Preference Share Premium-Conversion Equity Share Premium-Ordinary Share Premium-Preference Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss - Income Attempts: 0 of 5 used