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Old MathJax webview this is all, and I have been stuck with the Net Income Corinne's Cookie Company provided the following account balances from its

Old MathJax webview

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image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

this is all, and I have been stuck with the Net Income

Corinne's Cookie Company provided the following account balances from its year-end trial balance. (Click the icon to view the year-end trial balance.) During the year, Corinne issued no-par common stock. The proceeds of the new issue were $28,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $490,000. Read the requirement. For the Current Year Ended December 31 Accumulated Common Retained Other Total Comprehensive Stockholders Income (Loss) Equity Stock Earnings Balance, January 1 Balance, December 31 Trial Balance (Selected Accounts) Account Debit Credit Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance $ Dividends $ 1,782,000 52,350 59,000 1,165,000 3,300 Sales Interest Income Dividend Income 3,450 Gain on Sale of Property Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax 6,200 150,000 27,850 3,000 Gain on Sale of Discontinued Onerations Refore Tax 52 800 Gain on Sale of Discontinued Operations Before Tax 52,800 Cost of Goods Sold 475,000 38,000 56,700 Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Legal Fees Accounting Fees 11,500 23,000 20,000 69,000 23,000 8,400 10,800 23,000 8,400 Depreciation Expense Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment 10,800 6,500 8,800 - I Requirement Prepare a statement of stockholders' equity for the current year. Note: You will need to solve for net income using the given information. Round to the nearest dollar. (If a box is not used in the statement, leave the box empty; do not enter a zero. Round intermediary calculations and your final answers to the nearest whole dollar. Use a minus sign or parentheses for a loss or to show a decrease in any of the accounts.)

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