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Sunland Company has two classes of capital stock outstanding: 8%,$20 par preferred and $5 par common. At December 31,2025 , the following accounts were included

image text in transcribedimage text in transcribed Sunland Company has two classes of capital stock outstanding: 8%,$20 par preferred and $5 par common. At December 31,2025 , the following accounts were included in stockholders' equity. The following transactions affected stockholders' equity during 2026. Jan. 129,100 shares of preferred stock issued at $22 per share. Feb. 147,100 shares of common stock issued at $20 per share. June 12-for-1 stock split (par value reduced to $2.50 ). July 132,500 shares of common treasury stock purchased at $11 per share. Sunland uses the cost method. Sept. 1510,400 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 46/ per share is declared. Dec. 31 Net income is $2,112,000. Prepare the stockholders' equity section for Sunland Company at December 31, 2026. (Enter account name only and do not provide descriptive information.) SUNLAND COMPANY Stockholders' Equity $ $

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