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; 5,100 shares) $ 51,000 Paid-in capital 15,000 Total contributed capital 66,000 Retained earnings 49,000 Total stockholders equity $ 115,000 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, $45,000.

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.

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 Amount Equity Balances as of December 31, prior year Balances as of December 31, current year