Stellar Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders equity. Preferred Stock, 145,100 shares $ 2,902,000 Common Stock, 1,980,000 shares 9,900,000 Paid-in Capital in Excess of ParPreferred Stock 202,000 Paid-in Capital in Excess of ParCommon Stock 26,715,000 Retained Earnings 4,411,000 The following transactions affected stockholders equity during 2018. Jan. 1 32,800 shares of preferred stock issued at $23 per share. Feb. 1 49,600 shares of common stock issued at $20 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 31,800 shares of common treasury stock purchased at $10 per share. Stellar uses the cost method. Sept. 15 10,900 shares of treasury stock reissued at $11 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 46 per share is declared. Dec. 31 Net income is $2,088,000. Prepare the stockholders equity section for Stellar Company on December 31, 2018.