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Ciara's Cookie Company provided the following account balances from its year - end trial balance. ( Click the icon to view the year - end

Ciara's Cookie Company provided the following account balances from its year-end trial balance.
(Click the icon to view the year-end trial balance.)
During the year, Ciara issued no-par common stock. The proceeds of the new issue were $25,000. The company is subject to a 40% income tax rate. The beginning balance in common
stock was $456,000.
Ciara's Cookie Company
Statement of Stockholders' Equity
For the Current Year Ended December 31
Requirement
Prepare a statement of stockholders' equity for the current year. Note: You will
need to solve for net income using the given information. Round to the nearest
dollar. (If an input field is not used in the statement, leave the input field empty; do
not enter a zero. Round intermediary calculations and your final answers to the
nearest whole dollar. Use a minus sign or parentheses for a loss or to show a
decrease in any of the accounts.)Ciaras Cookie Company
Trial Balance (Selected Accounts)
For the Current Year Ended December 31
Account
Debit
Credit
Retained Earnings, Beginning Balance
$1,200,950
Accumulated Other Comprehensive Income, Beginning Balance
$55,675
Dividends: 57,000
Sales
1,200,895
Interest Income
3,400
Dividend Income
3,250
Gain on Sale of Property
6,789
Gain on Disposal of Plant Assets
76,000
Unrealized Gain on Trading Investments
27,250
Unrealized Gain on Available-for-Sale Bonds before Tax
3,500
Gain on Sale of Discontinued Operations before Tax
56,780
Cost of Goods Sold
450,000
Selling Expenses
37,450
Office Supplies Expense
54,800
Amortization Expense
12,000
Sales Salaries Expense
23,500
Advertising Expense
21,500
Office Salaries Expense
65,000
Depreciation Expense
25,500
Legal Fees
8,000
Accounting Fees
10,425
Interest Expense
6,700
Loss on Asset Impairment
9,050
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