Ex:8 Slate Corporation had the following balances in its stockholders' equity accounts December 31, 2017: Common Stock, $10 par, 500,000 shares authorized, 20,000 shares issued. $200,000 Paid-in Capital in Excess of Par Value, Common 250,000 Retained Earnings ........ 500,000 Treasury Stock, 1,000 shares ....... 20,000) Total stockholders' equity ............ ..... $930,000 The following transactions occurred during 2018: February 3 May 10 October 12 December 31 Sold and issued 2,000 shares of common stock for $22 per share. Declared a $0.50 per share dividend on common stock. Sold 500 shares of the treasury stock for $20 per share. Net income for the year was determined to be $75,000. Based on the above information, prepare a statement of stockholders' equity for 2018. Use the form below. Show computations. Slate Corporation Statement of Stockholders' Equity December 31, 2018 Paid-in Capital in Excess of Common Par Value, Retained Stock Common Earnings Treasury Stock Total Equity Balance, December 31, 2017 $250,000 $200,000 $500,000 $(20,000) $930,000