Er Five Saved Help Save & Exit At the end of the prior year annual reporting period, Barnar oration's balance sheet showed the following: BARNARD CORPORATION Balance Sheet At December 31, Prior Year Stockholders' equity Contributed capital Common stock (par $10; 6,700 shares) Paid in capital Total contributed capital Retained earnings Total stockholders' equity $ 57,000 14,000 81,000 46,000 $127.000 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,000 shares of common stock at $24 cash per share (at year-end). b. Determined net income, $44,000. c. Declared and paid a cash dividend of $5 per share on the beginning shares outstanding Required: Prepare a statement of stockholders' equity for the year ended December 31, current year + BARNARD CORPORATION Statement of Stockholders' Equity Common Stock Psi Rinal Total Prey 1 of 3 Next > O O + A $ 4 % 5 6 & 7 * 00 C 9 0 - - 7 r t u i o f g h Required: Prepare a statement of stockholders' equity for the year ended December 31, current year. BARNARD CORPORATION Statement of Stockholders' Equity Common Stock Amount Total Shares Paid in Capital Retained Earnings Stockholders Equity Balances as of December 31. prior year Balances as of December 31, current year SUS 1 DII O 0 A 3 $ 4 96 5 6 & 7 Oo * 9 0 e t t u O d f g h j k v b n