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; 5,700 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $ 85,500 18,000 103,500 44,000 $147,500 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,900 shares of common stock at $21 cash per share (at year-end). b. Determined net income, $44,000. c. Declared and paid a cash dividend of $3 per share on the beginning shares outstanding Required: Prepare a statement of stockholders' equity for the year ended December 31, current year Answer is not complete. BARNARD CORPORATION Statement of Stockholders' Equity Common Stock Shares Amount 5.700$ 85.500 1.9003 28.500 3 Balances as of December 31. prior year Total Paid in Retained Stockholders' Capital Earnings Equity 18 000 $ 44.000 147 500 11.400 39,900 3 44000 3 44,000 3 (17.100) (17 100) 73.400 5 26 900 s 214300 7.500 5 114.000 Balances as of December 31, current year