attached is the question, please show all the details while answer it, even where # come from.

ACC307 - FAIS III This assignment is due on Monday, September 11th. Hatch Company has two classes of capital stock: 8%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 1,000,000 shares authorized, 150,000 shares issued and outstanding $3,000,000 Common Stock, 5,000,000 shares authorized, 2,000,000 shares issued and outstanding Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings 10,000,000 200,000 27,000,000 4,500,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 30,000 shares of preferred stock issued at $22 per share. Feb. 1 - 100,000 shares of common stock issued at $20 per share. June 1 - Declared a 5% stock dividend on the outstanding common stock when the stock is selling for $25 per share. June 20 - Issued the stock dividend declared on June 1. July 1 - 30,000 shares of common treasury stock purchased at $10 per share. Sept. 15 - 10,000 shares of treasury stock reissued at $11 per share. Dec. 31 - The preferred dividend is declared, and a common dividend at $0.50 per share is declared. Dec. 31 - Net income is $2,100,000. Required: 1. Prepare Journal Entries to Record the Transactions. 2. Post all information into T-accounts. 3. Prepare the stockholders' equity section for Hatch Company at December 31, 2018. Show all supporting computations