Problem 15-3

Oriole Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2017, 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 2018.

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. Oriole 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 Oriole Company at December 31, 2018.