Sunland Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders equity. Preferred Stock, 143,700 shares $ 2,874,000 Common Stock, 1,980,000 shares 9,900,000 Paid-in Capital in Excess of ParPreferred Stock 209,000 Paid-in Capital in Excess of ParCommon Stock 26,891,000 Retained Earnings 4,544,000 The following transactions affected stockholders equity during 2021. Jan. 1 30,900 shares of preferred stock issued at $22 per share. Feb. 1 50,100 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 28,100 shares of common treasury stock purchased at $10 per share. Sunland uses the cost method. Sept. 15 9,200 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 53 per share is declared. Dec. 31 Net income is $2,139,000. Prepare the stockholders equity section for Sunland Company at December 31, 2021.

Sunland Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 143,700 shares Common Stock, 1,980,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,874,000 9,900,000 209,000 26,891,000 4,544,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec. 31 30,900 shares of preferred stock issued at $22 per share. 50,100 shares of common stock issued at $19 per share. 2-for-1 stock split (par value reduced to $2.50). 28,100 shares of common treasury stock purchased at $10 per share. Sunland uses the cost method. 9,200 shares of treasury stock reissued at $12 per share. The preferred dividend is declared, and a common dividend of 53 per share is declared. Net income is $2,139,000. Prepare the stockholders' equity section for Sunland Company at December 31, 2021. (Enter account name only and do not provide descriptive information.) SUNLAND COMPANY Stockholders' Equity December 31, 2021 Capital Stock Preferred Stock $ V