At the end of the prior annual reporting period, Barnard Corporation$$s balance sheet showed the following:

BARNARD CORPORATION

Balance Sheet

At December $31,$ Prior Year

Stockholders$$ equity

Contributed capital

Common stock $($par $$15$; $5,500$ shares$)$ $ $82,500$

Paid$-$in capital $13,000$

Total contributed capital $95,500$

Retained earnings $44,000$

Total stockholders$$ equity $ $139,500$

During the current year, the following selected transactions $($summarized$)$ were completed:

Sold and issued $1,000$ shares of common stock at $$35$ cash per share $($at year$-$end$).$

Determined net income, $$37,000.$

Declared and paid a cash dividend of $$2$ per share on the beginning shares outstanding.

Required:

Prepare a statement of stockholders$$ equity for the year ended December $31,$ current year.