Practice Problem 15-1 Bossom Company has two das ses of capital stock outstanding: 7%, s 100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. $5,000,000 2,400,000 Preferred Stock, 50,000 shares Common stock, 1,200,000 shares Paid-in Capital in Excess of Par -Preferred Stock 300,000 Paid-in Capital in Excess of Par- Common Stock 31,200,000 Retained Earnings 12,800,000 The following transactions affected stockholders' equity during 2018 Jan. 1 500 shares of preferred stock issued at $108 per share. Mar. 21 101,000 shares of common stock issued at $40 per share. June 1-2-for-1 common stock split (par value reduced to 1). July 15 . 77,000 shares of common treasury stock purchased at $28 per share. Blossom uses the cost method. Sept. 4 9,000 shares of treasury stock reissued at $34 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 734 per share is declared. Dec. 31 Net income is $4,352,000 Prepare the stockholders' equity section for Hatch Company at December 31, 2018 BLOSSOM COMPANY Stockholders Equity December 31, 2018 Capital Stock