Calculator Instruction Labels and Amount Descriptions Statement of Stockholders' Equity Instruction The following information is available from the records of Loop Tech, Inc. On January 1, Common Stock had a balance of $50,000, and Retained Earnings had a balance of $342,500. During the year, no additional common stock was issued, and $25,000 of dividends were paid. For the year ended December 31, Loop Tech reported a net loss of $38,700. Required: Prepare a statement of stockholders' equity for the year ended December 31. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign Entries of 0 (zero) are not required and will be cleared if entered Previous Next signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator Instruction Labels and Amount Descriptions Statement of Stockholders' Equity Instruction Statement of Stockholders' Equity Loop Tech, Inc. Statement of Stockholders' Equity Common Stock Retained Earnings Total Previous Next > akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Calculator Instruction Labels and Amount Descriptions Statement of Stockhol Instruction Statement of Stockholders' Equity Labels and Amount Descriptions ch, Inc. kholders' Equity Labels el) December 31 For the Year Ended December 31 Commc Amount Descriptions Balances, January 1 Balances, December 31 Dividends Issued common stock Net loss All work saved