At the end of the 2014 annual reporting period, Barnard Corporation's balance sheet showed the following:
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BARNARD CORPORATION
Balance Sheet
At December 31, 2014
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Stockholders' equity
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Contributed capital
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Common stock (par $10; 6,800 shares)
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$
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68,000
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Paid-in capital
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11,000
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Total contributed capital
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79,000
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Retained earnings
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47,000
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Total stockholders' equity
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$
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126,000
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During 2015, the following selected transactions (summarized) were completed:
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a.
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Sold and issued 1,800 shares of common stock at $23 cash per share (at year-end).
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b.
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Determined net income, $45,000.
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c.
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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
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