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Marigold Company has two classes of capital stock outstanding: 9%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were
Marigold Company has two classes of capital stock outstanding: 9%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 138,600 shares Common Stock, 1,996,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $2,772,000 9,980,000 190,000 26,670,000 4,527,000 The following transactions affected stockholders' equity during 2018 Jan. 1 30,300 shares of preferred stock issued at $23 per share. Feb. 1 50,600 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50) July 1 30,200 shares of common treasury stock purchased at $11 per share. Marigold uses the cost method. Sept. 15 9,100 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 52c per share is declared Dec. 31 Net income is $2,111,000 Prepare the stockholders' equity section for Marigold Company at December 31, 2018. (Enter account name only and do not provide descriptive information.) MARIGOLD COMPANY Stockholders' Equity
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