es Society Teas, Inc. provided the following information from its current-year trial balance. (Click the icon to view the financial data.) Society Teas issued $5,400 of no-par common stock on April 1 of the current year. Requirement Prepare the stockholders' equity section of the balance sheet at December 31 of the current year. Ignore taxes. Begin by completing Society Teas's single-step income statement for the current year ignore taxes.) Society Teas, Inc. Statement of Net Income time Account balances Get more help For the Year Ended December 31 ace fare notless Damemberto Account Loss on disposal of plant assets Dividends Cost of goods sold Selling expenses Dividend income Advertising expense Office salaries expense Depreciation expense Debit Credit $ 740 790 548,450 70,515 65 39,175 6,268 94,020 Loss on asset impairment 3,250 Accounting and legal fees 15,600 Interest income 712 Unrealized loss on available-for-sale bonds before tax Interest expense 450 9,600 Sales Retained earnings: beginning balance 783,500 368,900 Accumulated other comprehensive loss: beginning balance 5,700 Common stock-no par: beginning balance 85,800