Colleen'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, Colleen issued no-par common stock. The proceeds of the new issue were $20,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $430,000. Read the requirement Colleen's Cookie Company Statement of Stockholders' Equity For the Current Year Ended December 31 Accumulated Other Total Comprehensive Stockholders' Income (Loss) Equity Common Retained Earnings Stock Balance, January 1 Balance, December 31 Debit Credit Colleen's Cookie Company Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance $ Dividends Sales Interest Income Dividend Income Gain on Sale of Property Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain on Sale of Discontinued Operations Before Tax Cost of Goods Sold Selling Expenses $ 1,154,000 53,475 55,000 1,100,000 3,900 3,350 6,700 65,000 27,550 3,100 58,900 475,000 34,000 6,700 65,000 27,550 3,100 58,900 Gain on Sale of Property Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain on Sale of Discontinued Operations Before Tax Cost of Goods Sold Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment 475,000 34,000 56,700 12,500 22,000 25,000 62,000 27,500 8,100 10,000 6,100 9,200