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 $350,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,150 c. Paid the dividends in (b). d. Issued 103,000 new shares of $010 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. Net income for the current year was $273,000. Beginning S Common Stock 12,650 $ Additional Paid In Capital Retained Earnings Treasury Stock 191,500 $ 150,300 $ Stock Issuances Net Income Dividends: Common 273,000