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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end

Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 550 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,200 in cash (for a total at the end of the year of 840 shares). Beginning balances for stockholders' equity accounts are: Common stock, $29; Additional paid-in capital, $1,451; and Retained earnings, $3,330. These effects are included below:

Catenas Marketing Company
Adjusted Trial Balance
End of the Current Year
Debit Credit
Cash $1,580
Accounts receivable 2,270
Interest receivable 160
Prepaid insurance 1,660
Long-term notes receivable 2,890
Equipment 16,200
Accumulated depreciation $2,940
Accounts payable 2,370
Dividends payable 620
Accrued expenses payable 3,780
Income taxes payable 1,722
Unearned rent revenue 460
Common Stock (840 shares) 84
Additional paid-in capital 3,596
Retained earnings 2,710
Sales revenue 37,350
Rent revenue 720
Interest revenue 150
Wages expense 18,100
Depreciation expense 1,710
Utilities expense 400
Insurance expense 710
Rent expense 9,100
Income tax expense 1,722
Total $56,502 $56,502

Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign.

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