! Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,600 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,800. c. Paid the dividends in (b). d. Issued 116,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Additional Paid Retained Common Stock Treasury In Capital Earnings Stock $ 13,300 $ 198,000 $ 151,600 $ Beginning 0 Stock Issuances 286,000 Net Income Dividends: Common Ending $ 13,300 $ 198,000 $ 437,600 $ 0