Slate Corporation had the following balances in its stockholders' equity accounts at December 31, 2015: 8. $200,000 250,000 500,000 (20,000) $930,000 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 The following transactions occurred during 2016 February 3 May 10 October 12 December 31 Sold and issued 2,000 shares of common stock for $22 per share Declared a $0.50 per share dividend on common stock. Sold 500 shares of the treasury stock for $20 per share. Net income for the year was determined to be $75,000 of stockholders' equity for 2016. Use the form below Slate Corporation Statement of Stockholders' Equity December 31, 2016 Common Paid-in Capital in Retained TreasuryTotal Stock Excess of Par Value, Earnings Stock Equity Common $200,000 $250,000 $500,000S(20,000)$930,000 Balance, December 31, 2015