A. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2013 for Baum's Inc.

Accounts Receivable $10,000 Sales 200,000

Accumulated depreciation 52,000 Equipment 120,000

Cost of goods sold 128,000 Selling, general, and administrative expenses 34,000

Income tax expense 8,000 Common stock (9,000) shares 90,000

Cash 65,000 Accounts Payable 15,000

Retained earnings 1/1/13 23,000 Interest expense 6,000

Merchandise inventory 37,000 Long-term debt 40,000

Dividends declared and paid during 2013 12,000

Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2013, and that all income statement items reflect activites that occurred during the year ended December 31, 2013. There were no changes in paid-in capital during the year.