At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following:
BARNARD CORPORATION
Balance SheetAt December 31, Prior Year
Stockholders’ equity
Contributed capital
Common stock (par $10; 6,000 shares)$60,000
Paid-in capital 16,000
Total contributed capital 76,000
Retained earnings 45,000
Total stockholders’ equity$121,000
During the current year, the following selected transactions (summarized) were completed:
(1) Sold and issued 1,400 shares of common stock at $29 cash per share (at year-end).
(2) Determined net income, $51,000.
(3) Declared and paid a cash dividend of $5 per share on the beginning shares outstanding.
prepare a statement of stockholders's equity for the year ended December 31, 2015.
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