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 Paid-in capital Total contributed capital Common stock (par $15; 5,500 shares) $ 82,500 13,000 95,500 44,000 Total stockholders' equity $ 139,500 Retained earnings During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,000 shares of common stock at $35 cash per share (at year-end). b. Determined net income, $37,000. c. 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. BARNARD CORPORATION Statement of Stockholders' Equity Total Common Stock Shares Amount Paid-in Capital Retained Earnings Stockholders' Equity Balances as of December 31, prior year. Balances as of December 31, current year www Cearn newer