Preparing a Statement of Stockholders' Equity (AP5-2) At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: P5-4 LO5-3 BARNARD CORPORATION Balance Sheet At December 31, Prior Year Stockholders' Equity Contributed capital Common stock (par $15; 5,500 shares) $ 82,500 Paid-in capital Total contributed capital Retained earnings 13,000 95,500 44,000 Total stockholders' equity $139,500 domol mo During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,000 shares of common stock at $35 cash per share (at year-end). b. Determined net income, $37,000. c. Declared and paid a cash dividend of $2 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year. Be sure to show both the dollar amount and number of shares of common stock.