[The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,200 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,600. c. Paid the dividends in (b). d. Issued 112,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 (Algo) Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Net income for the current year $282,000