Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $120,000 : Additional Paid-in Capital, $4,000,000; and Retained Earnings, $2,000,000. Net income for the year ended December 31,2024 , is, $800,000, Court Casuals has the following transactions affecting stockholders' equity in 2024 : May18May31Jaly1July31paidontreasurystock.Issues30,000additionalsharesof51parvaluecomanstockfor560pershare.Purehases3,500sharesoftreasurystockfor$45pershare.Declaresacashdividendof$3persharetoallstockholdersofrecordonJulyis.Hint:Dividendsarenot May 18 Issues 30,000 additional shares of 51 par value conaon stock for s60 per share. May 31 Purehases 3,500 shares of treasury stock for $45 per share July 1 Declares a cash dividend of $3 per share to all stockholder's of record on July is. Hint: Dividends are not July 31 paid on treasury stock. August 10 fesells 2,750 shares of treasury stock purchased on May 31 for s5e 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.)