QUESTION 3 Not complete Marked out of 2 question P Flag Statement of Stockholders' Equity on January 1, the credit balance of the Retained Earnings account was $49,000. The company's Common stock account had an opening balance of $71.000. $7,000 in new capital contributions were made during the year. On December 31, at year-end, the Dividends account had a debit balance of $10.700 before closing. The income statement shows net income of$30,900. Prepare a statement of Stockholders' Equity for strife & Company, architectural design firm