Marble corporation had the following balances in its stockholders equity accounts at December 31, 2010.
- common stock, $10 par, 50,000 shares authorized, 20,000 shares issued...$200,000
- paid-in capital in excess of par value, common......250,000
- retained eranings.......500,000
- treausry stock, 1,000 shares........(20,000)
- total stockholders equity..........$930,000
The following transactions occured during 2011:
- February 3 - sold and issued 3,000 ahares of common stock for $22 per share
- May10 - declared a $0.50 per share dividend on common stock
- October - 12 Sold 500 shares of the treausury stock for $20 per share
- December - 31 Net income for the year was determined to be $75,000
Based on the above information, prepare a statement of stockholders equity for 2011.