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The Shareholders Equity section of Hamilton Design Companys December 31, 2019, balance sheet appeared as follows: Contributed Capital: Preferred stock, 6%, $100 par (10,000 shares

The Shareholders Equity section of Hamilton Design Companys December 31, 2019, balance sheet appeared as follows:

Contributed Capital:
Preferred stock, 6%, $100 par (10,000 shares authorized, 1,250 shares issued) $125,000
Additional paid-in capital on preferred stock $55,000
Common stock, $10 par (60,000 shares authorized, 15,000 shares issued $150,000
Additional paid-in capital on common stock $105,000
Total contributed capital $435,000
Retained earnings $78,000
Contributed capital and retained earnings $513,000
Less: Treasury Stock (300 shares of common at $14 per share) ($4,200)
Total Shareholders' Equity $508,800

During 2020, the company entered into the following transactions affecting shareholders equity:

1. Issued 250 shares of preferred stock at $160 per share.

2. Issued 3,000 shares of common stock at $16 per share.

3. Declared and issued a 15% stock dividend. On the date of declaration, the market price of the shares was $19 per share.

4. Reacquired 200 of its own common shares as treasury stock for $15 per share.

5. Reissued 250 shares of treasury stock at $17 per share (FIFO basis).

6. Net income for 2020 was $70,400. Dividends of $25,000 were distributed.

Instructions: Prepare a statement of stockholders equity for the year ended December 31, 2020, for Hamilton. Use the columnar format show in your textbook.

***Please show all supporting calculations.

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