Required information [The following information applies to the questions displayed below.] Assume that you are the president of Influence Corporation. At the end of the first year (December 31) of operations, the following financial data for the company are available: Cash Receivables from customers (all considered collectible) Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion Accounts payable owed to suppliers Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue Expenses, including the cost of the merchandise sold (excluding income taxes) Income tax expense at 25% x pretax income; all paid during December of the current year Common stock at the end of the current year $ 15,000 12,000 32,500 71,500 33,7.00 2,050 No dividends were declared or paid during the current year. The beginning balances in Common Stock and Retained Earnings are zero because it is the first year of operations. 111,000 74,000 ? 67,500

Required information [The following information applies to the questions displayed below.] Assume that you are the president of Influence Corporation. At the end of the first year (December 31) of operations, the following financial data for the company are available: Cash Recelvables from customers (all considered collectible) Inventory of merehandise (based on physical count and priced at cost) Equipment owned, at cost less used portion Accounts payable owed to inppliers Salary payable (on December 31 , this was owed to an employee who will be paid on January 10) Total sales revenue rxpenses, Ineluding the cost of the merchandise nold (exeluding income taxes) Ineome tax expense at 253x pretax ineoes all paid during Decenber of the eurrent year \$ 15,000 12,000 32,500 71,500 33,7.00 Common stock at the end of the current year 2, 050 111,000 74,000 ? No dividends were declared or paid during the current year. The beginning balances in Common Stock and Retained Earnings are zero because it is the first year of operations. Required: 2. Prepare a statement of stockholders' equity for the year