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 $351,500 of common stock now held in treasury b. Declared cash dividends in the amount of $260,750. c. Pald the dividends in (b). d. Issued 115,000 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 The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equ a. Purchased $351,500 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,750. c. Paid the dividends in (b). d. Issued 115,000 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 Treasury Common Stock In Capital Earnings Stock Beginning $ 13,250 $ 197,500 $ 151,500 $ Stock Issuances Net Income 285,000 Dividends: Common Ending