(Chapters 8, 11 & 12) -7 Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) Beginning balances of $600 for Common Stock, $10,100 for Paid-in Capital in Excess of Par, and $20,700 for Retained Earnings Reported net income of $40,700 Issued common stock, which increased common stock by $130 and increased the Pald-in Capital in Excess of Par by $3,570 Purchased $6.700 of treasury stock. Declared and paid $4,700 of cash dividends. 01:56:42 Hulu Incorporated Statement of Stockholders' Equity For Year Ended December 31 Pald-In Capital in Retained Common Stock Excess of Par Earnings Treasury Stock Total Equity Beginning balance Net Income Issuance of common stock Purchase of treasury stock Cash dividends Ending balance