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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:

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.
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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. Thank you!

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