Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Palatin Company for the current year ended December 31. You determine the following balances: Beginning-of-year common stock $72,000 Beginning-of-year retained earnings 28,000 Net income 36,000 Dividends paid 14,800 Issuance of common stock 6,400 Prepare a statement of stockholders' equity for Palatin Company for the current year. Note: Use a negative sign to shown a reduction to the balance. Palatin Company Statement of Stockholders' Equity For Year Ended December 31 Total Common Retained Stockholders' Stock Earnings Equity Balance at beginning of year $ 0 $ 0 $ 0 Issuance of common stock 0 0 0 Net income 0 0 0 Less: Dividends 0 0 0 Balance at end of year $ 0 $ 0 $ 0 Check