Whispering 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. 131,500 shares of preferred stock issued at $22 per share. Feb. 151,100 shares of common stock issued at $19 per share. June 12-for-1 stock split (par value reduced to \$2.50). July 128,600 shares of common treasury stock purchased at $11 per share. Whispering uses the cost method. Sept. 159,100 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 50 per share is declared. Dec. 31 Net income is $2,090,000