E. Flynn Company had $100,000 of contributed capital and $35,000 of retained earnings at January 1, 2014. The following transactions occurred during the year 2014:

-	Issued stock to investors for cash, $42,000.
-	Declared and paid a cash dividend of $20,000.
-	Reported total revenue of $130,000 and total expenses of $85,000.

Prepare a statement of stockholders' equity for the year ended December 31, 2014.

E. Flynn Company had $100,000 of contributed capital and $35,000 of retained earnings at January 1, 2014. The following transactions occurred during the year 2014: - Issued stock to investors for cash, $42,000. - Declared and paid a cash dividend of $20,000. - Reported total revenue of $130,000 and total expenses of $85,000. Prepare a statement of stockholders' equity for the year ended December 31, 2014