Statement of Stockholders' Equity The stockholders' equity section of Manco Corporation's calence sheet on December 31, 2014, follows. Contributed capital: Common stock, $2 par value, 250,000 shares authorized, 200,000 shares issued and outstanding $ 400,000 Additional paid-in capital 500,000 Total contributed capitel $1,000,000 Retained earnings 2,100.000 Tatal stockholders' equity $3,100,000 Prepere a statement of stockholders' equity for the yeer ended December 31, 2015, assuming these transactions occurred in sequence in 2015 a. Issued 5,000 shares of $100 par value, 9 percent cumulative preferred stock at par after abtaining authorization from the state. b. Issued 20,000 shares of common stock in connection with the conversion of bonds having a carying value of $300,000. 6. Decidered and issued a 2 percent common stock dividend. The market value on the date of declaration was $14 per shere. d. Purchased 5,000 shares of common stock for the treasury at a cost of $16 per share. e. Earried net income of $230,000. f. Dedared and paid the full year's dividend on preferred stock and a cividend of $0.40 per share on common stock outstanding at the end of the year. ir an amount is zero, enter "O. Balance, December 31, 2014 a. Issued 5,000 shares of preferred stock b. Conversion of bonds into 20,000 shares of common stock Manco Corporation Statement of Stockholders' Equity For the Year Ended December 31, 2015 $100 Par Value, 9% Cumulative Preferred stack $2 Par Value Stock Common Additional Paid-in Capital Retained Earnings Treasury Stock Total $ 400,000 s co0,000 | + 2,100,000 S 3,100,000 500,000 500,000 40,000 260,000 300,000 8,800 52,000 3 61,600 o 80,000 3 20,000 230,000 O 19 c. Issued 2% common stock dividend d. Purchased 5,000 treasury shares, common e. Net income f. Cash dividends: a. Preferred 09 (45,000) (87,760) (45,000) (87,760) b. Common Balance, December 31, 2015 $ 500,000 $ 448,800 $ 912,800 s 2,258,840 9 s 80,000 S 4,040,440