On December 31 of the prior year, Bronze Inc. had the following balances in stockholders’ equity accounts: common stock, $480,000 credit balance; accumulated other comprehensive income, $56,000 credit balance; and retained earnings, $448,000 credit balance. During the current year, the company reported net income of $288,000, declared and paid dividends of $160,000, issued common stock of $80,000 , and reported a foreign currency translation loss adjustment of $16,000 (after tax). Prepare a statement of stockholders’ equity for Bronze Inc. for the current year ended December 31.

Other comprehensive income BRONZE INC. Statement of Stockholders' Equity Common Retained Stock Earnings Accumulated Other Comprehensive Income Total $ 0 $ 0 $ 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 > > 0 0 0 0 $ 0 $ 0 $ 0 $ 0