The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Prepare a statement of stockholders' equity for the fiscal year ended December 31, 2016.

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COMMON STOCK Jan. Balance Apr. 14 ssued 4,800,000 30,000 shares 1,200,000 6,000,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance Apr. 14 Issued 960,000 30,000 shares 300,000 1,260,000 Dec. 31 Balance TREASURY STOCK Aug. 7 Purchased 12,000 shars 552,000 RETAINED EARNINGS Mar. 31 Dividend June 30 Dividend Sept. 30 Dividend Dec. 31 Dividend 69,000 Jan. 1 Balance 69,000 Dec. 31 Closing 69,000 69,000 Dec. 31 Balance 11,375,000 (net income) 3,780,000 14,879,000