P5-2(Algo) Preparing a Statement of Stockholders' Equity LO5-3At the end of the prior annual reporting...

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P5-2(Algo) Preparing a Statement of Stockholders' Equity LO5-3At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following:BARNARD CORPORATIONBalance SheetAt December 31, Prior YearStockholders equityContributed capitalCommon stock (par $15; 5,700 shares)$ 85,500Paid-in capital13,000Total contributed capital98,500Retained earnings47,000Total stockholders equity$ 145,500During the current year, the following selected transactions (summarized) were completed:aSold and issued 2,000 shares of common stock at $21 cash per share (at year-end).bDetermined net income, $50,000.cDeclared and paid a cash dividend of $3 per share on the beginning shares outstanding.Required:Prepare a statement of stockholders equity for the year ended December 31, current year.

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