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Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net

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Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 31,000 42,000 14,200 18,700 130,000 250,000 100,000 100,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity Common Stock Retained Earnings Balance December 31, 2017 Balance December 31, 2018

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