Slate Corporation had the following balance in its stockholders' equity account at December 31,2015:

3) Slate Corporation had the following balances in its stockholders' equity accoun 2015: ts at December 31, Common Stock, $10 par, 500,000 shares authorized, 20,000 shares issued Paid-in Capital in Excess of Par Value, Common Retained Earnings Treasury Stock, 1,000 shares Total stockholders' equity $200,000 250,000 500,000 0,000) $930,000 The following transactions occurred during 2016: Sold and issued 2,000 shares of common stock for $22 per share Declared a $0.50 per share dividend on common stock. May 10 October 12 Sold 500 shares of the treasury stock for $20 per share. December 31 Net income for the year was determined to be $75,000 Based on the above information, prepare a statement of stockholders' equity for 2016. Use the forn below. 10 points Slate Corporation Statement of Stockholders' Equity December 31, 2016 Paid-in Capital in Retained Treasury Common Excess of Par Earnings Stock Equity Stock Value, Common Balance December 31, 2015 $200,000 s250,000 $500,000 ($20,000) $930,000 2o000 44000 2000 2000 are