The stockholders' equity section of Manco Corporation's balance sheet on December 31, 2014, follows. Prepare a statement of stockholders' equity for the year ended December 31, 2015, assuming these transactions occurred in sequence in 2015: a. Issued 5,000 shares of $100 par value, 9 percent cumulative preferred stock at par after obtaining authorization from the state. b. Issued 20,000 shares of common stock in connection with the conversion of bonds having a carrying value of $300,000. c. Declared and issued a 2 percent common stock dividend. The market value on the date of declaration was $14 per share. d. Purchased 5,000 shares of common stock for the treasury at a cost of $16 per share. e. Earned net income of $230,000. f. Declared and paid the full-year's dividend on preferred stock and a dividend of $0.40 per share on common stock outstanding at the end of the year. If an amount is zero, enter "0