The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: Purchased $351,900 of common stock now held in treasury. Prepare a statement of stockholders' equity, assuming the following opening balances. Declared cash dividends in the amount of $260,950. Paid the dividends in (b). Issued 119,000 new shares of $0.10 par value common shares for $2 per share. Closed the Dividends account