Brenda Tooley owns and operates Speedy Delivery Services. On January $1,20$Y$7,$ Common Stock had a balance of $$30,000,$ and Retained

Earnings had a balance of $$805,500.$ During the year, $$18,000$ of additional common stock was issued, and $$13,000$ of dividends were paid. For

the year ended December $31,20$Y$7,$ Speedy Delivery reported a net income of $$69,500.$

Required:

Prepare a statement of stockholders' equity for the year ended December $31,20$Y$7.$

Labels

For the Year Ended December $31,20$Y$7$

December $31,20$Y$7$

Amount Descriptions

Balances January $1,20$Y$7$

Balances December $31,20$Y$7$

Dividends

Issued Common Stock

Net Income

Net Loss