Problem 15-3 Metlock 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, 165,000 shares Common Stock, 2,018,000 shares Paid-in Capital in Excess of Par-Preferred Stoclk Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,300,000 10,090,000 204,000 27,531,000 4,490,000 The following transactions affected stockholders' equity during 2018 lan. 29,100 shares of preferred stock issued at $24 per share. Feb. 1 49,800 shares of common stock issued at $21 per share. June 2-for-1 stock split (par value reduced to $2.50) July 1 29,400 shares of common treasury stock purchased at $9 per share. Metlock uses the cost method Sept. 15 9,400 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 51 per share is declared Dec. 31 Net income is $2,123,000 Prepare the stockholders' equity section for Metlock Company at December 31, 2018. (Enter account name only and do not provide descriptive information.) METLOCK COMPANY Stockholders' Equity