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 were 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 Common Retained Stock Earnings Total $ $ $ $ $