The following information is available from the records of LoopTech, Inc. On January $1,$ Common Stock had a balance of $$50,000,$ and Retained Earnings had a balance of $$342,500.$ During the year, no additional common stock was issued, and $$25,000$ of dividends was paid, For the year ended December $31,$ LoopTech reported a net loss of $$38,700.$

Prepare a statement of stockholders' equity for the year ended December $31.$ If an amount box does not require an entry. Leave it blank or enter $"0".$

LoopTech, Inc.

Statement of Stockholders' Equity

For the Year Ended December $31$

Line Item Description

Common Retained

Stock Earnings

Total