At the beginning of the year (January 1), a company has $10,000 of common stock outstanding and retained earnings of $7,200. During the year, the company reports net income of $7,500 and pays dividends of $2,200. In addition, the company issues additional common stock for $7,000. Required: Prepare the statement of stockholders' equity at the end of the year (December 31). Statement of Stockholders' Equity For the Year Ended December 31 Retained Common Stock Earnings Total Stockholders' Equity Beginning balance Ending balance