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Question 3 Your answer is partially correct. Try again. Bonita Company has two classes of capital stock outstanding: 896, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity $3,148,000 Preferred Stock, 157,400 shares 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 2018. 30,100 shares of preferred stock issued at $23 per share Jan. 1 Feb. 51,500 shares of common stock issued at $21 per share. June 2-for-1 stock split (par value reduced to $2.50) July 1 31,800 shares of common treasury stock purchased at $10 per share. Bonita uses the cost method. Sept. 159,100 shares of treasury stock reissued at $11 per share. The preferred dividend is declared, and a common dividend of 52 per share is declared. Dec. 31 Dec. 31 Net income is $2,081,000 Prepare the stockholders' equity section for Bonita Company at December 31, 2018. (Enter account name only and do not provide descriptive information.) BONITA COMPANY Stockholders' Equity December 31, 2018 Capital Stock 3750000 Preferred Stock 10437500 Common Stock Total Capital Stock 14187500 Additional Paid-in Capital 27743000 Paid-in Capital in Excess of Par- Common Stock Paid-in Capital in Excess of Par - Preferred Stock 292300 9100 Paid-in Capital from Treasury Stock 28044400 Total Paid-in Capital 42231900 Retained Earnings 6837796 Total Paid-in Capital and Retained Earnings 49069696 Less 227000 Treasury Stock 48842696 Total Stockholders' Equity