Tacoma Company had the following balances in its stockholders' equity accounts at December 31, 2021:

Common Stock, $10 par, 100,000 shares authorized, 40,000 shares issued $ 400,000 Contributed Additional Paid-in Capital Value, Common 500,000 Retained Earnings 1,000,000 Treasury Stock, 2,000 shares (40,000) Total stockholders' equity $ 1,860,000

The following transactions occurred during 2022: February 3 Sold and issued 6,000 shares of common stock for $22 per share.

May 10 Declared dividends in the amount of $22,000.

October 12 Sold 1,000 shares of the treasury stock for $20 per share.

December 31 Net income for the year was determined to be $150,000

Required:

Based on the above information, prepare a statement of stockholders' equity for 2022.