E11-9 (Static) Recording and Reporting Stockholders' Equity Transactions, including Closing Entry (L 2, LO 11-3) [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity. a. Purchased $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000. c. Paid the dividends in (b). d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 (Static) Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Additional Paid Retained Treasury Common Stock in Capital Earnings Stock 12,500 $ 190,000 $ 150,000 $ 0 Beginning Stock Issuances Net Income Dividends: Common Ending 270,000 12,500 $ 190,000 420.000