(Chapter 10-12) Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 202- Additional Paid-in Capital, $4,000,000; and Retained Earnings, $3,000,000. Net income for the year ende $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2021 May 18 Issues 21,000 additional shares of $1 par value common stock for 560 per share. May 31 Purchases 4,5ee shares of treasury stock for $35 per share. July 1 Declares a cash dividend of $2 per share to all stockholders of record on July 15. Hint: D treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 2,500 shares of treasury stock purchased on May 31 for $53 per share. Taking into consideration all the entries described above, prepare the statement of stockholders' ec 31, 2021, using the format provided. (Amounts to be deducted should be indicated with a minus s COURT CASUALS Statement of Stockholders' Equity For the Year Ended December 31, 2021 Additional Common Retained Stock Paid-in Capital Earnings $ 90,000 $ 4,000,000 $3,000,000 Treasury Stock Total Stockholder Equity $ 7,090 $ Balance, January 1 Issue common stock Purchase treasury stock Cash dividends 31, 2021, using Statement of Stockholders Equity For the Year Ended December 31, 2021 Common Additional Paid in Retained Stock Earnings Capital 90,000 $ 4,000,000 $3,000,000 Treasury Stock Stockholders Equity $ 7,090,000 $ alance, January 1 sue common stock rchase treasury stock sh dividends cell treasury stock income nce, December 31