At the beginning of the year $($January $1),$ Wild Horses Drilling has $$12,000$ of common stock outstanding and retained earnings of $$6,200.$ During the year, Wild Horses reports net income of $$6,500$ and pays dividends of $$1,200.$ In addition, Wild Horses issues additional common stock for $$6,000.$

Required:

Prepare the statement of stockholders' equity at the end of the year $($December $31).$

$\backslash$table$[[$WILD HORSES DRILLING,$],[$Statement of Stockholders' Equity,,,$],[$For the Year Ended December $31,,,],[,\backslash$table$[[$Common$],[$Stock$]],\backslash$table$[[$Retained$],[$Earnings$]],\backslash$table$[[$Total$],[$Stockholders$\text{'}],[$Equity$]]],[$Beginning balance,,,$],[,,,],[,,,],[,,,]]$