Company A designs and produces a line of golf equipment and golf apparel. Company A has 100,000 shares of common stock outstanding as of the beginning of Year 1. Company A has the following transactions affecting stockholders' equity in Year 1. March 1 Issues 58,00 additional shares of $1 per value common stock for $55 per share. May 10 Purchases 5,300 shares of treasury stock for $58 per share 1 Declares cash dividend of $1.65 per Share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,650 shares of treasury stock purchased on May 1e for 563 per share Company A has the following beginning balances in its stockholders' equity accounts on January 1, Yeart Common Stock, $100,000; Additional Paid-in Capital, $4,800,000, and Retained Earings, $2,300.000. Net Income for the year ended December 31, Year 1. is $630,000 Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sian) 2020 Summer L.docx D 119 Slides 08 st. 119 Slides 0 0 @ Saved Help Save SE Geguctea should be indicated by a minus sign.) Check my Company A Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Common Stock Additional Retained Total Paid-in Capital Earnings Treasury Stock Stockholders Equity S 100,000 $ 4.800,000 $ 2.300.000 s 0 $ 7,200,000 58.000 3.132.000 3.190.000 (307,400) (307,400) Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net Income Balance, December 31 $ 158.000 7.932.000 2.300.000 (307,400) 10.082,800 2020 Summer CL docx 119 Sides Oppia 119 Slides 09 stupat earch O