2) That Co. has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000; Additional Paid-in Capital, $4,100,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2021, is $800,000. That Co. has the following transactions affecting stockholders' equity in 2021: May 18 Issues 25,000 additional shares of $1 par value common stock for $40 per share. Repurchases 5,000 shares of treasury stock for $45 per share. May 31 July 1 July 31 Declares a cash dividend of $1 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. Pays the cash dividend declared on July 1. August 10 Reissues 2,500 shares of treasury stock purchased on May 31 for $48 per share. Record the journal entries for each date. Prepare the statement of stockholders' equity for the year ended December 31, 2021