At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATION Balance Sheet At December 31, Prior Year Contributed capital Common stock (par $15; 5,500 shares) Paid-in capital Total contributed capital 82,500 13,000 95,500 44,000 139,500 Retained earnings Total stockholders' equity 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 Common Stock Total Paid-in Capital RetainedStockholders Earnings Shares Equ Balances as of December 31, prior year Balances as of December 31, current year