At the end of the 2014 annual reporting period, Mesa Industries, balance sheet showed the following:

During 2015, the following selected transactions (summarized) were completed:
a. Sold and issued 1,500 shares of common stock at $26 cash per share (at year-end).
b. Determined net income, $46,000.
c. Declared and paid a cash dividend of $1 per share on the beginning shares outstanding.

Required:
Prepare a statement of stockholders€™ equity for the year ended December 31, 2015. Be sure to show both the dollar amount and number of shares of commonstock.

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MESA INDUSTRIES Balance Sheet At December 31, 2014 Stockholders' Equity Common stock (par S15; 7,000 shares) Additional paid-in capital Retained earnings Total stockholders' equity $105,000 9,000 48,000 $162,000