Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2015, 100 shares of preferred stock and 3,800 shares of common stock have been issued. The following transactions affect stockholders equity during 2015:

March	1	Issues 1,200 shares of common stock for $40 per share.
May	15	Repurchases 500 shares of treasury stock for $33 per share.
July	10	Reissues 300 shares of treasury stock purchased on May 15 for $38 per share.
October	15	Issues 300 shares of preferred stock for $43 per share.
December	1	Declares a cash dividend on both common and preferred stock of $0.60 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.)
December	31	Pays the cash dividends declared on Decembe

Donnie Hilfiger has the following beginning balances in its stockholders equity accounts on January 1, 2015: Preferred Stock, $100; Common Stock, $38; Additional Paid-in Capital, $74,000; and Retained Earnings, $29,500. Net income for the year ended December 31, 2015, is $10,600.

Taking into consideration all the transactions during 2015, respond to the following for Donnie Hilfiger:

Prepare the statement of stockholders equity for the year ended December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.)

DONNIE HILFIGER
Statement of Stockholders' Equity
For the Year Ended December 31, 2015
	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Total Stockholders' Equity
Balance, January 1
Issue of common stock
Purchase of treasury stock
Sale of treasury stock
Issued preferred stock
Cash dividends
Net income
Balance, December 31	$0	$0	$0	$0	$0	$0