IR At the end of the prior year annual reporting period, Bamard Corporation's balance sheet showed the following: Balance Sheet At December 31, Prior Year equity Contributed capital Common stock (par $15: 6,900 shares Paid-in capital $103,500 19,000 500 46,000 $168,500 Total contributed capital Retained earnings Total stockholders equiy During the current year, the following selected transactions (summarized) were completed a. Sold and issued 2,000 shares of common stock at $20 cash per share (at year-end b. Determnined net income, $49,000. c. Declared and paid a cash dividend of $3 per share on the beginning shares outstanding Required: Prepare a statement of stockholders' equity for the year ended December 31, cument year Statement of Stockholders Equity Paid-in Capital 6.s00r s 03,500$ 1 Balances as of December 31, prior year Less: Dividends declared Balances as of December 31, curent year References eBook& Resources Financial Statements MacBook Air