Sheffield 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, 60,000 shares $6,000,000 Common stock, 1,100,000 shares 2,200,000 Paid-in Capital in Excess of Par Preferred Stock 360,000 Paid-in Capital in Excess of Par Common Stock 28,600,000 Retained Earnings 10,900,000 The following transactions affected stockholders equity during 2018. Jan. 1 - 400 shares of preferred stock issued at $109 per share. Mar. 21 - 94,000 shares of common stock issued at $37 per share. June 1 - 2-for-1 common stock split (par value reduced to $1). July 15 - 71,000 shares of common treasury stock purchased at $32 per share. Sheffield uses the cost method. Sept. 4 - 9,000 shares of treasury stock reissued at $37 per share. Dec. 31 - The preferred dividend is declared, and a common dividend of 79 per share is declared. Dec. 31 - Net income is $4,542,000. Prepare the stockholders equity section for Hatch Company at December 31, 2018.