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

Paid-in Capital in Excess of Par Common Stock 25,000,000

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 - 10,000 shares of treasury stock reissued at $36 per share.

Dec. 31 - The preferred dividend is declared, and a common dividend of 75 per share is declared.

Dec. 31 - Net income is $4,275,000.

Prepare the stockholders equity section for Hatch Company at December 31, 2018.