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 $10; 6,200 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $ 62,000 12,000 74,000 43,000 $ 117,000 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,400 shares of common stock at $26 cash per share (at year-end). b. Determined net income, $48,000. c. Declared and paid a cash dividend of $3 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 Common Stock Shares Paid-in Capital Retained Earnings Amount Total Stockholders' Equity Balances as of December 31, prior year Balances as of December 31, current year