On January 1, 2022, Cullumber Inc. had the following stockholders' equity balances. During 2022, the following transactions and events occurred. 1. Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. 2. Issued 57,500 shares of common stock for cash at $4 per share. 3. Purchased 27,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $112,000. 5. Sold 9,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $335,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Stockholders' Equity Statement (in thousands, except shares)