The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9.

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COMMON STOCK Jan. 1 Balance Issued 30,000 shares 4,800,000 Apr. 14 1,200,000 6,000,000 Dec. 31 Balance 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 Dividend Jan. 1 Balance Mar. 31 69,000 11,375,000 June 30 Dividend 69,000 Dec. 31 Closing Sept. 30 Dividend 69,000 (net income) 3,780,000 Dec. 31 Dividend 69,000 Dec. 31 Balance 14,879,000