Statement of Stockholders' Equity On January 1, the credit balance of the Retained Earnings account was $90.000. The company's Common Stock account had an opening balance of $100.000. $47.000 in new capital contributions were made during the year. n December 31. at year-end, the Dividends account had a debit balance of $45,700 before closing The income statement shows net income of $70,000 Prepare a statement of Stockholders Equity for A. Miller &Company, architectural design firm. A. MILLER & COMPANY Statement of Stockholders' Equity Common Stock Retained Earnings Total Balance, January 1 Add: Capital contributed during the year Net Income for the year Less: Dividends paid (enter as negative) Balance, January 31