Financial statements from the end-of-period spreadsheet Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 2049: During the year ended August 31, 2049, $15,000 of additional common stock was issued. Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 182,500 182,500 Accounts Receivable 234,500 234,500 Supplies 27,600 22,600 5,000 Land 775,000 775,000 400,000 400,000 Office Equipment Accumulated Depreciation 60,200 11,800 72,000 41,500 41,500 Accounts Payable Salaries Payable 13,500 13,500 Common Stock 100,000 100,000 Retained Earnings 810,000 810,000 Dividends 30,000 30,000 Fees Earned 1,480,000 1,480,000 For the Year Ended August 31, 2049 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 182,500 182,500 Accounts Receivable 234,500 234,500 Supplies 27,600 22,600 5,000 Land 775,000 775,000 400,000 Office Equipment 400,000 Accumulated Depreciation 60,200 11,800 72,000 Accounts Payable 41,500 41,500 Salaries Payable 13,500 13,500 Common Stock 100,000 100,000 Retained Earnings 810,000 810,000 Dividends 30,000 30,000 Fees Earned 1,480,000 1,480,000 Salary Expense 829,600 13,500 843,100 Supplies Expense 22,600 22,600 Depreciation Expense 11,800 11,800 Miscellaneous Expense 12,500 12,500 2,491,700 2,491,700 47,900 47,900 2,517,000 2,517,000 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 2019 Common Stock Retained Earnings Balances, September 1, 2018 85,000 810,000 Total 895,000 Issued common stock 15,000 15,000 Net income 590,000 590,000 Dividends Balances, August 31, 2019 100,000 1,370,000 1,470,000