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 Stockholders' equity Contributed capital Common stock (par $10; 6,700 shares) Paid-in capital otal contributed capital 67,000 13,000 80,000 49,000 $129,000 Retained earnings Total stockholders' equity During the current year, the following selected transactions (summarized) were completed a. Sold and issued 1,800 shares of common stock at $27 cash per share (at year-end) b. Determined net income, $45,000. 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 Total Stockholders Equity Common Stock Paid-in Capital Retained Shares Amount Earnings 67,00013,000 49,000129,000 Balances as of December 31, prior year Add: Net income Less: Dividends declared Stock issued Balances as of December 31, current year