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Tamarisk Company has two classes of capital stock outstanding: 9%,$20 par preferred and $5 par...

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Accounting

Tamarisk Company has two classes of capital stock outstanding: 9%,$20 par preferred and $5 par common. At December 31,2025, the following accounts were included in stockholders' equity.
Preferred Stock, 141,100 shares-$2,822,000
Common Stock, 1,979,000 shares-$9,895,000
Paid-in Capital in Excess of Par-Preferred Stock-$194,000
Paid-in Capital in Excess of Par-Common Stock-$26,547,000
Retained Earnings-$4,497,000
The following transactions affected stockholders' equity during 2026.
Jan. first 27,400 shares of preferred stock issued at $22 per share.
Feb. first 50,700 shares of common stock issued at $22 per share.
June first (2:1)2-for-1 stock split (par value reduced to $2.50).
July 127,600 shares of common treasury stock purchased at $10 per share. Tamarisk uses the cost method.
Sept. 159,500 shares of treasury stock reissued at $12 per share.
Dec. 31 The preferred dividend is declared, and a common dividend of 0.48 cents per share is declared.
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