At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following

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; 6,000 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $ 90,000 18,000 108,000 47,000 $ 155,000 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,800 shares of common stock at $28 cash per share (at year-end). b. Determined net income, $46,000. c. Declared and paid a cash dividend of $1 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 St Balances as of December 31, prior year Add: Net Income Add: Net loss Less: Net income Less: Net loss