Prepare a statement of stockholders' equity.

On December 31, Fighting Okra Cooking Services reports the following revenues and expenses Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense $79,000 1,700 2,600 11,000 28,000 16,500 In addition, the balance of common stock at the beginning of the year was $400,000, and the balance of retained earnings was $40,000. During the year, the company issued additional shares of common stock for $29,000 and paid dividends of $18,000