Roswell Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017 the following accounts were included in stockholders' equity. Preferred Stock. 50,000 shares $5,000,000 Common stock, 1,000,000 shares 2.000.000 Paid-in Capital in Excess of Par-Preferred Stock 300,000 25,000,000 Paid in Capital in Excess of Par-Common Stock Retained Earnings 12,000,000 The following transactions affected stockholders' equity during 2018 Jan. 1 500 shares of preferred stock Issued at $108 per share. Mar. 21 100,000 shares of common stock issued at $40 per share. June 1 2-for-1 common stock split (par value reduced to $1). July 15 75,000 shares of common treasury stock purchased at $30 per share. Roswell uses the cost method. Sept. 4 Dec. 31 10,000 shares of treasury stock reissued at $36 per share The preferred dividend is declared, and a common dividend of 75 per share is declared. Net income is $4.275,000, Dec 31 Prepare the stockholders' equity section for Hatch Company at December 31, 2018