What is the declare dividends for the stockholders equity?

Exercise 10-12B Prepare a statement of stockholders' equity (LO10-7) Company A designs and produces a line of golf equipment and golf apparel. Company A has 100,000 shares of common stock outstanding as of the beginning of Year 1. Company A has the following transactions affecting stockholders' equity in Year 1. March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,200 shares of treasury stock purchased on May 10 for $54 per share. Company A has the following beginning balances in its stockholders' equity accounts on January 1 Year 1: Common Stock, $100,000; Additional Paid-in Capital, $3,900,000; and Retained Earnings, $1,400,000. Net income for the year ended December 31, Year 1, is $540,000 Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 Answer is complete but not entirely correct. Company A Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Common Additional Retained Total Stock Pald-In Treasury Earnings Stock Capital Stockholders Equity S 100,000 $ 3,900,000 $ 1,400,000 $ 0 $ 5,400,000 49,000 2,205,000 2,254,000 (215,600) (215,600) (144,600) (144,600) 11,000 107,800 118,800 540,000 540,000 $ 149,000 6,116,000 1.795.400 (107.800) $ 7,952,600