ine Tollowing information appiies to tne questions aispiayea beiOW.J The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,900 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,450. c. Paid the dividends in (b). d. Issued 109,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Common Stock Additional Paid- In Capital Retained Treasury Stock Earnings $ Beginning $ $ 150,900 12,950 194,500 Stock Issuances 279,000 Net Income Dividends: Common Ending