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 $350,400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,200. c. Paid the dividends in (b). d. Issued 104,000 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. Common Stock Paid-In Capital Earnings Additional RetainedTreasury Stock Beginning 12,700 S 192,000 $ 50,400S Stock Issuances Net Income Dividends: Common 274,000 Ending