c) Pal-Fit's activities for the year ended December 31, 2016 included the following: Jan. 5 Feb. 10 30,000 shares of authorized and funissued common stock with a par value of $10 PT. Can who, were sold for $15 per share. Purchased 8,000 shares of its common stock at $17 a share. March 1 A 30% stock dividend was declared and issued. Fair $18. April 1 July 1 Aug. 1 Dr.com Dr. Stuck Divide per share is currently issue A two-for-one stock split was carried out. Fair value on March 31 was $20 per share. A 10% stock dividend was declared and issued. Fair value is currently $12 per share. A cash dividend of 50 cents per share was declared payable September to stockholders of record on August 21. Dr. Cu Suffered a foreign currency translation loss in the amount of $20,000 before tax. Dec. 31 Dec. 31 Net income for 2016 is $800,000. Note: Assume tax rate is 30% 8000 30,00 15720 6600 Required Out 2860 17, 200 (a) Use the following format to prepare a statement of stockholders' equity for the year ended December 31, 2016. (10 points) 6600 TS