Sandhill Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 141,000 shares $ 2,820,000 Common Stock, 2,000,000 shares 10,000,000 Paid-in Capital in Excess of Par-Preferred Stock 194,000 Paid-in Capital in Excess of Par-Common Stock 26,877,000 Retained Earnings 4,562,000 The following transactions affected stockholders' equity during 2021. Jan. 1 31,500 shares of preferred stock issued at $22 per share. Feb. 1 51,100 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 28,600 shares of common treasury stock purchased at $11 per share. Sandhill uses the cost method. Sept. 15 9,100 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 50 per share is declared. Dec. 31 Net income is $2,090,000. Prepare the stockholders' equity section for Sandhill Company at December 31, 2021. (Enter account name only and do not provide descriptive information.)