Balance Sheet At December 31, Prior Year Stockholders' equity Contributed capital Common stock (par $10; 6,200 shares) $ 62,000 14,000 Paid-in capital Total contributed capital 76,000 Retained earnings Total stockholders' equity 45,000 $ 121,000 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,400 shares of common stock at $28 cash per share (at year-end). b. Determined net income, $50,000. c. Declared and paid a cash dividend of $2 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 Paid-in Shares Amount Capital Retained Earnings Total Stockholders' Equity Balances as of December 31, prior year Balances as of December 31, current year