The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,800 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,400. c. Paid the dividends in (b). d. Issued 108,000 new shares of $0.10 par value common shares for $2 per share e. Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening balances Common Stock 12,900 Additional Pald-In Capital $ 194,000 Retained Earnings S 150,800 Treasury Stock $ Beginning Stock Issuances Net Income Dividends: Common Ending 278,000