Problem:

The company had following balances in its stockholders' equity accounts at the month of December 31, 2004:

Common stock, $10 par, 50,000 shares authorized, 20,000 shares issued                          $200,000

Contributed capital in excess of par value, common                                                               250,000

Retained earnings                                                                                                                 500,000

Treasury stock, 1,000 shares                                                                                               -20,000

Total stockholders' equity                                                                                                   $930,000

Following occurred throughout 2005:

1) February 3 - Sold and issued 3,000 shares of the common stock for the sell price of $72 per share.

2) May 10 - Declared the $0.50 per share cash dividend on common stock.

3) October 12 - Sold 500 shares of the treasury stock for $20 per share.

4) December 31 - Net income for year is $75,000.

Required:

1) Make a statement of the stockholders' equity IN GOOD FORMAT for 2005.

2) Show your work. Please show your supporting computation and label them to designate which numbers in statement they’re supporting.