P5-2 (Algo) Preparing a Statement of Stockholders' Equity LO5-3 At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,400 shares of common stock at $22 cash per share (at year-end). b. Determined net income, $46,000. c. Declared and paid a cash dividend of $5 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year