Well, I am kind of stumped on a question, because I have two answers, and I am not sure which one is correct. Here is the question:

Stratfield Inc. reported the following selected information for its 2008 fiscal year:
Contributed capital for December 31, 2007..........$ 16,500
Retained earnings for December 31, 2007............$ 11,300
Dividends......................................... ...................$ 3,000
Net income............................................ .............$ 12,980
Common stock issued in 2008..............................$ 4,000
Prepare a statement of stockholder’s equity for the year ended December 31, 2008. Please left-align everything so that the formatting can be easily obtained.

First possible answer:
Common Stock... 4,000
Paid in capital... 16,500
Total... 20,500
Retained earnings... 11,300
Dividends... -3,000
Total SH Equity... 28,800


Contributed capital, December 31, 2007... 16,500
Add: Common stock issued in 2008... 4,000
Contributed capital, December 31, 2008... 20,500

Retained earnings, December 31, 2007... 11,300
Add: Net income... 12,980
Less: Dividends... (3,000)
Retained earnings, December 31, 2008 ... 21,280

Total stockhodlers' equity, December 31, 2008... 41,780

Which one is correct?