Sturmer, Inc. had beginning retained earnings of $$320,000$ on January $1,2025.$ During the year, Sturmer, Inc. declared and paid $$150,000$ of cash dividends and earned $$240,000$ of net income. In addition,

the company reports on January $1,2025,14,000$ shares of common stock at a par value of $$6$ per share. The company issued this stock at par value, and there were no additional changes in common stock

throughout the year. Prepare a statement of retained earnings and statement of stockholders' equity for Sturmer, Inc. for the year ended December $31,2025.$

Start by preparing a statement of retained earnings for Sturmer, Inc. for the year ended December $31,2025.($Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings

below the subtotal.$)$

Sturmer, Inc.

Statement of Retained Earnings

Year Ended December $31,2025$

Prepare a statement of stockholders' equity for Sturmer, Inc. for the year ended December $31,2025.($Complete only the necessary input fields. Do not enter any $0$ balances. Enter a decrease in stockholders'

equity with a minus sign or parentheses.$)$