Your answer is partially correct. Splish Company has two classes of capital stock outstanding: 9%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 143,500 shares $ 2,870,000 Common Stock, 1,964,000 shares 9,820,000 Paid-in Capital in Excess of Par-Preferred Stock 190,000 Paid-in Capital in Excess of Par-Common Stock 26,634,000 Retained Earnings 4,464,000 The following transactions affected stockholders' equity during 2021. Jan. 1 28,600 shares of preferred stock issued at $23 per share. Feb. 1 52,800 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 29,100 shares of common treasury stock purchased at $10 per share. Splish uses the cost method. Sept. 15 9,800 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 47 per share is declared. Dec. 31 Net income is $2,061,000. Question 5 of 5