Chapter 11 Connect Assignment Saved Help Save & Exit Submit Check my work 9 Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: Part 3 of 3 7.69 points a. Purchased $350,400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,200. c. Paid the dividends in (b). d. Issued 104,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Skipped eBook 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Hint Print References Additional Retained Common Stock Paid-In Capital Earnings Treasury Stock $ 12,700 $ 192,000 $ 150,400 $ 0 Beginning Stock Issuances Net Income 274,000 Dividends: Common Ending $ 12,700 $ 192,000 $ 424,400 $ 0