Please help me and explain why.

Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However, 670 shares ($0.10 par value per share) issued at the end of the year for $2,830 are included below Debit Credit $ 1,540 Accounts receivable Interest recaivable Prepaid insurance Notes receivable (long-term) Equipment Accumulated depreciation Accounts payable Accrued expenses payable Income taxes payable Uneaned rent revenue Common Stock (800 shares) Additional paid-in capital Retained earnings Sales revenue Interest revenue Rent revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total 180 1,710 2,840 15,400 S 2,860 2,270 3,740 2,640 3,460 37,350 18,700 1,750 780 9,700 2,720 $57,920 S 57,920 Prepare a statement of stockholders' equity in good form for the current year ROMNEY'S MARKETING COMPANY Statement of Stockholders' Equity For the current year Common Stock Total Stockholders' Additional Retained Paid-in Capital Earnings Balance, January 1 4,217 s 4,230 Share issuance 67 Net income 4,170 4,170 Balance, December 31 80r S 3,460 S 8,400