Hatch 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.

Instructions

Prepare the stockholders’ equity section for Hatch Company at December 31, 2026. Show all supporting computations.

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Preferred Stock, 150,000 shares Common Stock, 2,000,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,000,000 10,000,000 200,000 27,000,000 4,500,000