Statement of Stockholders' Equity

On January $1,$ the credit balance of the Retained Earnings account was $$51,000.$ The company$$s Common Stock account had an opening balance of $$65,000,$ and $$8,000$ in new capital contributions were made during the year. On December $31,$ at year$-$end, the Dividends account had a debit balance of $$12,000$ before closing. The income statement shows net income of $$30,500.$ Prepare a statement of stockholders$$ equity for Stede & Company, architectural design firm.

STEDE & COMPANY

Statement of Stockholders' Equity

For Year Ended December $31$

Common Stock Retained Earnings Total

Balance, January $1$ Answer

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Add: Capital contributed during the year Answer

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Net Income for the year Answer

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Less: Dividends paid $($enter as negative$)$ Answer

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Balance, January $31$ Answer

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