$500,000; Additional Paid-In Capital, $8,200,000; and Retained Eamings, $2,400,000. Net income for the year ended Decembe 2024 , is $900,000. Formal Footwear has the following transactions affecting stockholders' equity in 2024 May 18 Issues 10, eee additional shares of $5 par value comnon stock for $60 per share. July 1 Declares a cash dividend of $3 per share to all stockholders of record on July 15. July 31 Pays the cash dividend declared on July 1. Required: Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended Dece 31,2024, using the format provided. (Amounts to be deduced should be indicated with a minus sign.)