E5-12 (Algo) Stock Issuances and the Statement of Stockholders' Equity LO5-3 In a recent year, Teach, incorporated, a designer and marketer of handbags and other accessories issued 1,280,000 shares of its $0.05 par value stock for $1,024,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction. Note: Enter your answers in dollars rather than millions