Problem 15-3 Your answer is partially correct. Try again Grouper Company has tr o classes of capital stock outstanding: 990 $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 149,800 shares Common Stock, 2,026,000 shares Paid-in Capital in Excess of Par-Preferred Stock $2.996,000 10,130,000 27,225,000 4,572,000 Retained Earnings The following transactions affected stockholders' equity during 2018. Feb. 1 54,400 shares of common stock issued at $19 per share June 1 2-for-1 stock split (par value reduced to $2.50). July 1 27,600 shares of common treasury stock purchased at $10 per share. Grouper uses the cost method Sept. 15 10,300 shares of treasury stock reissued at $11 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 45t per share is declared. Dec. 31 Net income is $2,075,000 Prepare the stockholders' equity section for Grouper Company at December 31, 2018. (Enter account name only and do not provide descriptive information.) GROUPER COMPANY Stockholders' Equity December 31, 2018 Capital Stock Preferred Stock 3632000 Common Stock 10402000 Total Capital Stock 14034000 Additional Paid-in Capital Paid-in Capital in Excess of Par Common Stock 322200 Paid-in Capital in Excess of Par Preferred Stock 28149800 Paid-in Capital from Treasury Stock 10300 28482300 Total Paid-in Capital 42516300 Retained Earnings 4455545 Total Paid-in Capital and Retained Earnings 46971845 Less 162700 Treasury Stock Total Stockholders Equity 46809145