P$15-3($Equity Transactions and Statement Preparation$)$ Hatch Co$.$ has two classes of capital stock outstanding: $8\%,$ $$20$ par preferred and $$5$ per common. At December $31,2012,$ the following accounts were included in stockholder$$s equity.

Preferred Stock, $150,000$ shares $ $3,000,000$

Common Stock, $2,000,000$ shares $10,000,000$

Paid$-$In Capital in Excess of Par$-$Preferred Stock $200,000$

Paid$-$In Capital in Excess of Par$-$Common Stock $27,000,000$

Retained Earnings $4,500,000$

The following transaction affected stockholder$$s equity during $2013.$

Jan $130,000$ shares of preferred stock issued at $$22$ per share.

Feb $150,000$ shares of common stock issued at $$20$ per share.

June $12-$for$-1$ stock split $($par value reduced to $$2\mathrm{.}50).$

July $130,000$ shares of common treasury stock purchased at $$10$ per share. Hatch uses the cost

method.

Sept $1510,000$ shares of treasury stock reissued at $$11$ per share.

Dec $31$ The preferred dividend is declared, and a common dividend of $50$ centavos per share is

Declared.

Dec $31$ Net Income is $$2,100,00.$

Instructions

Prepare the stockholder$$s equity section for Hatch Co$.$ at December $31,2013.$ Show all supporting computations.