The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows.

Common Stock Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1,200,000 Dec. 31 Balance 6,000,000

Paid-in Capital in Excess of Par Jan. 1 Balance 960,000 Apr. 14 Issued 30,000 shares 300,000 Dec. 31 Balance 1,260,000

Treasury Stock Aug. 7 Purchased 12,000 shares 552,000

Retained Earnings Mar. 31 Dividend 69,000 Jan. 1 Balance 11,375,000 June 30 Dividend 69,000 Sept. 30 Dividend 69,000 Dec. 31 Closing (net income) 3,780,000 Dec. 31 Dividend 69,000 Dec. 31 Balance 14,879,000

Prepare a statement of stockholders equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign.