Sheridan Company has two classes of capital stock outstanding:8%, $20par preferred and $5par common. At December 31, 2020, the following accounts were included in stockholders' equity.

Preferred Stock,149,400shares $2,988,000

Common Stock,2,019,000shares 10,095,000

Paid-in Capital in Excess of ParPreferred Stock 206,000

Paid-in Capital in Excess of ParCommon Stock 26,815,000

Retained Earnings 4,485,000

The following transactions affected stockholders' equity during 2021.

Jan. 1, 31,100shares of preferred stock issued at $24per share. Feb. 1, 50,500shares of common stock issued at $21per share. June 1, 2-for-1 stock split (par value reduced to $2.50). July 1, 32,900shares of common treasury stock purchased at $11per share. Sheridan uses the cost method. Sept. 15, 9,000shares of treasury stock reissued at $12per share. Dec. 31, The preferred dividend is declared, and a common dividend of52 per share is declared. Dec. 31 Net income is $2,078,000.

Prepare the stockholders' equity section for Sheridan Company at December 31, 2021.