The annual report for Malibu Beachwear reported the following transactions affecting stockholders$$ equity:

Purchased $$351,900$ of common stock now held in treasury.

Declared cash dividends in the amount of $$260,950.$

Paid the dividends in $($b$).$

Issued $119,000$ new shares of $$0\mathrm{.}10$ par value common shares for $$2$ per share.

Closed the Dividends account.

Prepare a statement of stockholders$$ equity, assuming the following opening balances.