2 At the beginning of the year, Uncoordinated TikTok Videos had the following in shareholders' equity: Contributed Capital: Common stock, $1 par $ 120,000 Additional paid-in capital on common stock $ 300.000 Total Contributed Capital $ 420,000 Retained Earnings Total Shareholders' Equity $ 608,000 $1,028,000 The following happened during the year: 1.) Uncoordinated TikTok Videos issued 50,000 shares of common stock at $2 per share. 2.) They earned net income of $215,300, 3.) Uncoordinated TikTok Videos paid a cash dividend of $.03 per share of common stock Required: Prepare the statement of shareholders' equity for the year