125% T + 1 Add Page ul Chart View Zoom Insert Table Text Shape Media Commen Collaborate Format Document Section Pages Background Headers & Footers Hide on first page of section Match previous section Page Numbering Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,0010); Additional Paid-in Capital, $4,100,000; and Retained Earnings, $3,000,000. Nct income for the year ended December 31, 2021, is $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2021: May 18 Issues 25.000 additional shares of $1 par value common stock for $40 per share. May 31 Purchases 5,000 shares of treasury stock for $45 per share. July 1 Declares a cash dividend of $1 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 2,500 shares of treasury stock purchased on May 31 for $48 per shure. Taking into consideration all the entries described above, prepare the statement of stockholders' cquity for the year ended December 31, 2021, using the format provided. Format 1, 2, 3 Numbering Continue from previous section Start at: : 10 Court Casuals Statement of Stockholders' Equity For the year ended December 31, 2021 , Create a new section Sections allow you to start a new header and fouler, page nuinbering. of page background. Addition Common Pald-in Stock Capital Retained Rarnings Total Treasury Stockholder Stock s' Equity Balance, Jan. 1 $100,000 $4,100.000 $3,000.000 S -0- $7,200.000 Issue common stock Purchase treasury stock Cash dividends Resell treasury stock Net income Balance, Dec. 31