At December 31, 2015, Gertner Corp. reported the following stockholders' equity:

During 2016, Gertner Corp. completed these transactions and events in this order:
a. Sold 1,300 shares of treasury stock for $42 per share; the cost of these shares was $28 per share.
b. Issued 1,200 shares of common stock at $16 per share.
c. Net income for the year was $231,000.
d. Declared and paid cash dividends of $100,000.
Requirements
Prepare Gertner's statement of stockholders' equity for the year ended December 31, 2016?

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Paid-in Capital: Common Stock, $5 par, 200,000 authorized, 130,000 shares issued Additional Paid-in Capital-Common Total Paid-in Capital Retained Earnings Subtotal Less: Treasury Stock, 2,100 shares at cost Total Stockholders' Equity $ 650,000 100,000 $ 750,000 370,000 $1,120,000 (58,800) $1,061.200