Collette'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, Collette issued no-par common stock. The proceeds of the new issue were $26,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $430,000. Read the requirement. Collette's Cookie Company Statement of Stockholders' Equity For the Current Year Ended December 31 Common Stock 430,000 Retained Earnings 1,100,300 Accumulated Other Total Comprehensive Stockholders' Income (Loss) Equity (54,500)| 1,475,800 Balance, January 1 Net Income Dividends Declared Issuance of Common Stock 1 (58,000) (58,000) 26,000 26,000 Unrealized Gain on Trading Investments, Net of Tax 456.000 Balance, December 31 er A Requirement 800 ock 000 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 a box is not used in the statement, leave the box 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.) ling In Print Print Done Done Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit 1,100,300 $ Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance $ 54,550 58,000 Dividends Sales Interest Income Dividend Income Gain on Sale of Property 1,405,000 3,600 3,650 6,300 65,000 27,150 3,000 54,300 Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments 400,000 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 32,000 Advertising Expense Office Salaries Expense Depreciation Expense 54,500 12,500 20,500 25,000 67,000 26,000 7,900 10,200 6,300 9,100 Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment Collette'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, Collette issued no-par common stock. The proceeds of the new issue were $26,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $430,000. Read the requirement. Collette's Cookie Company Statement of Stockholders' Equity For the Current Year Ended December 31 Common Stock 430,000 Retained Earnings 1,100,300 Accumulated Other Total Comprehensive Stockholders' Income (Loss) Equity (54,500)| 1,475,800 Balance, January 1 Net Income Dividends Declared Issuance of Common Stock 1 (58,000) (58,000) 26,000 26,000 Unrealized Gain on Trading Investments, Net of Tax 456.000 Balance, December 31 er A Requirement 800 ock 000 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 a box is not used in the statement, leave the box 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.) ling In Print Print Done Done Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit 1,100,300 $ Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance $ 54,550 58,000 Dividends Sales Interest Income Dividend Income Gain on Sale of Property 1,405,000 3,600 3,650 6,300 65,000 27,150 3,000 54,300 Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments 400,000 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 32,000 Advertising Expense Office Salaries Expense Depreciation Expense 54,500 12,500 20,500 25,000 67,000 26,000 7,900 10,200 6,300 9,100 Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment