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A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the

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A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of 2024. The company has the following transactions affecting stockholders' equity in 2024. Mareh 1 Issaes 61,000 additional shares of $1 par valve conmon stoek for $58 per nhare. May 10 Purchases 5,600 thares of treasury stock tor $61 per share. June 1 Declares a cash dividend of $1.80 per share to al1 stoekholders of record on June 15. (Hint? bividendr are July 1 Rays the cash dividend declared on June 1 . october 21 Resells 2,800 shares of trensury stock purchased on May 10 for $66 per share. The company has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid-in Capital, $5,100,000; and Retained Earnings, $2,600,000. Net income for the year ended December 31,2024 , is $660,000 Required: Prepare the statement of stockholders' equity for the company for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) should be indicated by a minus sign.)

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