Formulating a Statement of Stockholders Equity from Raw DataCrocker Corporation began calendar-year 2016 with stockholders equity of $150,000, consisting of contributed capital of $120,000 and retained earnings of $30,000. During 2016, it issued additional stock for total cash proceeds of $30,000. It also reported $50,000 of net income and paid $25,000 as a cash dividend to stockholders.Required Prepare the 2016 statement of stockholders equity for Crocker Corporation.