Prepare a stockholders' equity statement for the year.

On January 1, 2022, Carla Vista Inc. had the following stockholders' equity balances. $1,150,000 500,000 Common Stock (575,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 230,000 610,000 During 2022, the following transactions and events occurred. 1. 2. 3. Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. Issued 57.500 shares of common stock for cash at $4 per share. Purchased 23,000 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $114,000 Sold 7.000 shares of treasury stock for cash at $5 per share. Earned net income of $340,000. 4. 5. 6. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e-8. -45 or parentheses eg. (45).) Balances, Jan. 1 $ TA $ Issued 115,000 share for stock dividend Issued 57,500 shares for cash Purchased 23,000 shares of treasury stock Declared cash dividend Sold 7,000 shares of treasury stock Net income for year Balances, Dec. 31 $ $ ta Carla Vista Inc. Stockholders' Equity Statement For the Year Ending December 31, 2022 (in thousands, exlept shares) Paid in Capitalin Excess of Par- Common Stock Common Stock Common Stock Dividends Distributable Treasury Stock Balances Jan. 1 $ $ Issued 115.000 share for stock Common Stock Dividends Distributable Treasury Stock Retained Earnings Total $ $ $