Nash 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, 137,800 shares Common Stock, 2,014,000 shares $ 2,756,000 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 during 2021. 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 per share. Nash uses the cost method