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On January 1, 2020, Sandhill Inc had the following stockholders' equity balances. During 2020, the following transactions and events occurred. 1. Issued 105,000 shares of

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On January 1, 2020, Sandhill Inc had the following stockholders' equity balances. During 2020, the following transactions and events occurred. 1. Issued 105,000 shares of \$2 par value common stock as a result of 15% stock dividend declared on December 15,2021. 2. Issued 52,500 shares of common stock for cash at $4 per share. 3. Purchased 32.000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $117.000. 5. Sold 7.000 shares of treasury stock for cashat $5 per share. 6. Earned net income of $410,000. Prepare a stockholders' equity statement for the year. (ff an amount reduces the occount balance then enter with negative sigm preceding the number eg. 45 or parentheses eg. (45).)

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