File Edit View History Bookmarks Window Help Does Getting Terml At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATI Balance Sheet At December 31, Prior Year Stockholders' equity Contributed capital Common stock (par $15; 5,500 shares) Paid-in capital Total contributed capital $82,500 11,000 93,500 45,000 $138,500 Retained earnings Total stockholders' equity During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,900 shares of common stock at $27 cash per share (at year-end). b. Determined net income, $51,000. c. Declared and paid a cash dividend of $4 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 Total Stockholders Equity Common Stock Paid-in Capital Retained Earnings Shares Amount Balances as of December 31, prior year Balances as of December 31current year