Statement of Stockholders' Equity On January 1, the credit balance of the Retained Earnings account was $55,000 he company's Common Stock account had an opening balance of $77,000 $13,000 in new capital contributions were made during the year On December 31, at year-end, the Dividends account had a debit balance of $16,700 before closing. The income statement shows net income of $36,900. Prepare a Statement of Stockholders' Equity for Strife &Company, architectural design firm. STRIFE & 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 Check F8 3 4 5