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; 6,900 shares) Paid-in capital Total contributed capital Retained earnings Total stockholders' equity $103,500 16,000 119,500 46,000 $165,500 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,300 shares of common stock at $20 cash per share (at year-end). b. Determined net income, $47.000. 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. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year. BARNARD CORPORATION Statement of Stockholders' Equity Common Stock Paid in Capital Retained Earnings Total Stockholders' Equity Shares Amount Balances as of December 31, prior year Balances as of December 31, current year