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Statement of stockholders' equity The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Kate Duffner invested an additional

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Statement of stockholders' equity The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Kate Duffner invested an additional $15,000 in the business in exchange for common stock, and $50,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $775,000 as of September 1,20Y5

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