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NO 3) 5 pts. Formal Footwear has the following beginning accounts on January 1, 2021: Common Stock, $500.000. A and Retained Earnings. S2.400.000. Net income for the year $900,000. Formal Footwear has the following beginning balances in its stockholders ck, $500,000: Additional Paid-in Capital, 582000 income for the year ended December 31, 2021. is the following transactions affecting stockholders equity in 2021 May 18 July 1 Issues 10,000 additional share Declares a cash divic July 31 W additional shares of $5 par value common stock for S60 per share es a cash dividend of $3 per share to all stockholders of record on July Pays the cash dividend declared on July 1. Taking into consideratio ang into consideration all the entries described above, prepare the statement of stockholders equity for the year ended December 31, 2021, using the format provided. Formal Footwear Statement of Stockholders' Equity For the year ended December 31, 2021 Common Additional Stock Paid-in Capital $500,000 $8,200,000 0 000 Retained Total Earnings Stockholders Equity $2,400,000 $11,100,000 Balance, January 1 Issue common stock Cash dividends Net income Balance, December 31