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 Common stock, 1,000,000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $5,000,000 2,000,000 300,000 25,000,000 12,000,000 The following transactions affected stockholders' equity during 2018. Jan. 1 Mar. 21 June 1 July 15 Sept. 4 Dec. 31 Dec. 31 . 500 shares of preferred stock issued at $108 per share. 100,000 shares of common stock issued at $40 per share. 2-for-1 common stock split (par value reduced to $1). 75,000 shares of common treasury stock purchased at $30 per share. Roswell uses the cost method. 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. Prepare the stockholders' equity section for Hatch Company at December 31, 2018.