On January 1, the credit balance of the Retained Earnings account was \(\$ 60,000\). The company's common stock account had an opening balance of \(\$ 85,000\) and new contributions during the year totaled \(\$ 9,000\). On December 31, at year-end, the Dividends account had a debit balance of \(\$ 6,500\). The income statement shows net income of \(\$ 40,000\). Prepare a statement of stockholders' equity for Kim \& Company, architectural design firm.