Common Stock Answer is not complete. Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Total Stockholders' Equity Retained Earnings Balance at January 1 $ 270,000 $ 57,000 0 39,800 39,800 Less: Dividends 0 0 0 Balance at December 31 $ 270,000 $ 96,800 The December 31, Year 1, adjusted trial balance for a company is presented below Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Debit $ 11,700 Credit 147,000 5,700 28,500 370,000 $132,000 11,700 10,700 4,700 37,000 270,000 57,000 470,000 370,000 18,500 37,000 4,700 $993,100 $993,100