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Problem 15-3 Your answer is partially correct. Try again Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2014, the following accounts were included in stockholders' equity Preferred Stock, 157,200 shares Common Stock, 2,144,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,144,000 10,720,000 201,000 27,200,000 4,556,000 The following transactions affected stockholders' equity during 2015 Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec. 31 32,500 shares of preferred stock issued at $24 per share 59,300 shares of common stock issued at $21 per share 2-for-1 stock split (par value reduced to $2.50) 32,100 shares of common treasury stock purchased at $9 per share. Hatch uses the cost method 10,600 shares of treasury stock reissued at $10 per share. The preferred dividend is declared, and a common dividend of 55 per share is declared Net income is $2,258,000 Prepare the stockholders' equity section for Hatch Company at December 31, 2015. (Enter account name only and do not provide descriptive information.) HATCH COMPANY December 31, 2015 Capital Stock Preferred Stock 3794000 Common Stock 11016500 Total Capital Stock 14810500 Additional Paid-in Capital Paid-in Capital in Exces 28148800 Paid-in Capital in Exces 331000 Paid-in Capital from Tre 10600 28490400 Total Paid-in Capital 43300900 Retained Earnings 4775570 Total Paid-in Capital and Retained Earnings 48076470 Less-| | Treasury Stock 215000 Total Stockholders' Equity 47861470