1. The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625.

   Accounts payable	$4,375	Spa operating expense	$23,760
   Accounts receivable	8,490	Office expense	2,470
   Cash	13,980	Spa supplies	9,230
   Fees earned	98,435	Wages expense	26,580
   Spa furniture & equipment	56,000	Dividends	38,170
   Computers	2,130

   Prepare a statement of stockholders' equity for Rocky's Day Spa for the current year ended December 31. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require, leave it blank.

   Rocky's Day Spa Statement of Stockholders Equity For the Year Ended December 31

   	Common Stock	Retained Earnings	Total
   CashBalances, January 1Balances, December 31Net incomeNet loss	$- Select -	$- Select -	$- Select -
   Fees earnedIssued common stockMiscellaneous expenseOffice expenseWages expense	- Select -	- Select -	- Select -
   CashBalances, January 1Balances, December 31Net incomeNet loss	- Select -	- Select -	- Select -
   DividendsFees earnedMiscellaneous expenseOffice expenseWages expense	- Select -	- Select -	- Select -
   CashBalances, January 1Balances, December 31Net incomeNet loss	$- Select -	$- Select -	$- Select -