Question 3 Kingbird Company has two classes o capital stock outstanding: 9%, s 20 par preferred and S5 par com o equity At December 31 2017 the follo in accounts were in ude in to holders Preferred Stock, 165,000 shares Common Stock, 2,018,000 shares Paid-in Capital in Excess of Par-Preferred Stock 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. Jan. 1 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 1 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. Kingbird 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. 31Net income is $2,123,000. Prepare the stockholders equity section for Kingbird Company at December 31, 2018. (Enter account name only and do not provide descriptive information) KINGBIRD COMPANY Stockholders' Equlty