Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $90,000; Additional Paid-in Capital, $3,900,000; and Retained Earnings, $2,000,000. Net income for the year ended December 31,2024 , is $700,000. Court Casuals has the following transactions affecting stockholders' equity in 2024: Issues 24,000 additional shares of $1 par value common stock for $30 per share. Purchases 3,500 shares of treasury stock for $45 per share. Declares a cash dividend of $3 per share to all stockholders of record on July 15 . Hint: Dividends are not paid on treasury stock. Pays the cash dividend declared on July 1. August 10 Resells 1,750 shares of treasury stock purchased on May 31 for \$56 per share. Required: Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be indicated with a minus sign.)