At December 31, 2017, Gentili Corp. reported the following stockholders? equity:

During 2018, Gentili completed these transactions and events in this order:

a. Sold 1,200 shares of treasury stock for $39 per share; the cost of these shares was $34 per share

b. Issued 800 shares of common stock at $20 per share

c. Net income for the year was $153,000

d. Declared and paid cash dividends of $55,000

Requirement

Prepare Gentili Corp.?s statement of stockholders? equity for the year ended December 31, 2018.

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Paid-in Capital: Common Stock, $7 par, 200,000 shares authorized, 120,000 shares issued Additional Paid-in Capital-Common Total Paid-in Capital Retained Earnings Subtotal Less: Treasury stock, 2,500 shares at cost Total Stockholders' Equity $ 840,000 130,000 970,000 520,000 1,490,000 (85,000) $1,405,000