Reference no: EM131832400

Preparing a Statement of Stockholders Equity LO5-3

At the end of the 2014 annual reporting period, Barnard Corporation's balance sheet showed the following:

BARNARD CORPORATION Balance Sheet At December 31, 2014
Stockholders' equity
Contributed capital
Common stock (par $15; 5,800 shares)	$	87,000
Paid-in capital		12,000
Total contributed capital		99,000
Retained earnings		50,000
Total stockholders' equity	$	149,000

During 2015, the following selected transactions (summarized) were completed:

a. Sold and issued 1,200 shares of common stock at $20 cash per share (at year-end).
b. Determined net income, $45,000.
c. Declared 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, 2015.