Problem 15-3 Your answer is partially correct. Try again. Buffalo Company has two classes of capital stock outstanding: 896, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 145,100 shares Common Stock, 1,980,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $2,902,000 9,900,000 202,000 26,715,000 4,411,000 The following transactions affected stockholders' equity during 2018. Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec. 31 32,800 shares of preferred stock issued at $23 per share. 49,600 shares of common stock issued at $20 per share. 2-for-1 stock split (par value reduced to $2.50). 31,800 shares of common treasury stock purchased at $10 per share. Buffalo uses the cost method. 10,900 shares of treasury stock reissued at $11 per share. The preferred dividend is declared, and a common dividend of 46c per share is declared. Net income is $2,088,000. Prepare the stockholders' equity section for Buffalo Company at December 31, 2018. (Enter account name only and do not provide descriptive information.)