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; 5,900 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $ 88,500 17,000 105,500 42,000 $147,500 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,500 shares of common stock at $29 cash per share (at year-end). b. Determined net income, $44,000. c. Declared and paid a cash dividend of $5 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 Amount Paid-in Capital Retained Earnings Total Stockholders Equity Balances as of December 31, prior year Balances as of December 31, current year