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Statement of stockholders' equity (L.O. 2, 3) Fischer Corporation, a manufacturer of locks and security devices, began inva with the following stockholders' equity balances: The following selected transactions and events occurred during the year: - Issued 5,000 shares of common stock for $70,000. - Declared and paid $12,000 of preferred dividends and $30,000 of common dividends. - Generated net income of $47,000. - Recorded a $24,000 prior period adjustment (net of $16,000 tax) related to an overstatement of 192 net income. Prepare Fischer Corporation's statement of stockholders' equity for the year ended December 31, 19X4