16 At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $8,200. During the year, Buffalo reports net income of $8,500 and pays dividends of $3,200. In addition, Buffalo issues additional common stock for $8,000. 2.1 points Required: Prepare the statement of stockholders' equity at the end of the year (December 31). Skipped BUFFALO DRILLING eBook Statement of Stockholders' Equity For the Year Ended December 31 Hint Ask Common Stock Retained Earnings Total Stockholders' Equity Print Beginning balance References Ending balance