Question: Current Attempt in Progress Stellar Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020,

Current Attempt in Progress Stellar Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 157,400 shares $3,148,000 Common Stock, 2,036,000 shares 10,180,000 Paid-in Capital in Excess of Par-Preferred Stock 202,000 Paid-in Capital in Excess of Par-Common Stock 26,919,000 Retained Earnings 4,454,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1 July 1 Sept. 15. Dec. 31 Dec. 31 30,100 shares of preferred stock issued at $23 per share. 51,500 shares of common stock issued at $21 per share. 2-for-1 stock split (par value reduced to $2.50). 31.800 shares of common treasury stock purchased at $10 per share. Stellar uses the cost method. 9.100 shares of treasury stock reissued at $11 per share. The preferred dividend is declared, and a common dividend of 524 per share is declared. Net income is $2.081,000. Prepare the stockholders' equity section for Stellar Company at December 31, 2021. (Enter account name only and do not provide descriptive information.) STELLAR COMPANY Stockholders' Equity descriptive information.) STELLAR COMPANY Stockholders' Equity $

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