can you please answer this and add explanation.

notes receivable that are held. L05 E3-4B. Statement of Stockholders' Equity On January 1, the credit balance of the Retained Earnings ac count 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