Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $90,000; Additional Paid-in Capital, $4,100,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2021, is $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2021:

May		18		Issues 24,000 additional shares of $1 par value common stock for $50 per share.
May		31		Purchases 4,000 shares of treasury stock for $35 per share.
July		1		Declares a cash dividend of $3 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock.
July		31		Pays the cash dividend declared on July 1.
August		10		Resells 3,000 shares of treasury stock purchased on May 31 for $54 per share.

Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2021, using the format provided. (Amounts to be deducted should be indicated with a minus sign.)

COURT CASUALS
Statement of Stockholders' Equity
For the Year Ended December 31, 2021
	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Total Stockholders' Equity
Balance, January 1	$90,000	$4,100,000	$3,000,000		$7,190,000
Issue common stock	24,000	1,200,000
Purchase treasury stock					(140,000)
Cash dividends
Resell treasury stock
Net income
Balance, December 31	$114,000	$5,300,000	$3,000,000	$0	$7,050,000