Question 1

Bridgeport Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders equity.

Preferred Stock, 143,700 shares		$ 2,874,000
Common Stock, 1,980,000 shares		9,900,000
Paid-in Capital in Excess of ParPreferred Stock		209,000
Paid-in Capital in Excess of ParCommon Stock		26,891,000
Retained Earnings		4,544,000

The following transactions affected stockholders equity during 2021.

Jan. 1		30,900 shares of preferred stock issued at $22 per share.
Feb. 1		50,100 shares of common stock issued at $19 per share.
June 1		2-for-1 stock split (par value reduced to $2.50).
July 1		28,100 shares of common treasury stock purchased at $10 per share. Bridgeport uses the cost method.
Sept. 15		9,200 shares of treasury stock reissued at $12 per share.
Dec. 31		The preferred dividend is declared, and a common dividend of 53 per share is declared.
Dec. 31		Net income is $2,139,000.

Prepare the stockholders equity section for Bridgeport Company at December 31, 2021. (Enter account name only and do not provide descriptive information.)