Prepare a statement of stockholders’ equity for Hulu Inc. for the year ended December 31 using the following data.

. Beginning balances of $300 for Common Stock, $9,700 for Paid-In Capital in Excess of Par, and $20,000 for Retained Earnings.

. Reported net income of $40,000.

. Issued common stock, which increased common stock by $100 and increased the Paid-In Capital in Excess of Par by $2,900.

. Purchased $6,000 of treasury stock.

. Declared and paid $4,000 of cash dividends.