TB EX-Qu. 1-198 (Algo) At the beginning of the year... At the beginning of the year (January 1), William and Sons had $17,500 of common stock outstanding and retained earnings of $3,200. During the year, the company reports net-income of $3,330 and pays dividends of $2,500. In addition, the company issues additional common stock for $4,600. Pepare the statement of stockholders' equity for the year ended December 31. WILLIAM AND SONS Statement of Stockholders' Equity For the year ended December 31 Balance at January 1 Common Stock Retained Earnings Total Stockholders' Equity Balance at December 31 $ 0 $ 0 $ 0