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 $15; 6,800 shares) $102,000 Paid-in capital 12,000 Total contributed capital 114,000 Retained earnings Total stockholders' equity 43,000 $157,000 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,800 shares of common stock at $20 cash per share (at year-end). b. Determined net income, $49,000. c. Declared and paid a cash dividend of $4 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 Amount Retained Earnings Total Stockholders' Equity Balances as of December 31, prior year 6,800 $ 102,000 $ 12,000 $ 43,000 $ 157,000 49,000 49,000 1,800 Balances as of December 31, current year