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The following is selected financial information for Osmond Dental Laboratories for 2024 and 2025: 2024 2025 Retained earnings, January 1 $ 55,000 ? Net income
The following is selected financial information for Osmond Dental Laboratories for 2024 and 2025:
| 2024 | 2025 | |
|---|---|---|
| Retained earnings, January 1 | $ 55,000 | ? |
| Net income | 39,000 | 43,000 |
| Dividends | 11,000 | 24,000 |
| Common stock | 75,000 | ? |
Osmond issued 5,000 shares of additional common stock in 2025 for $24,000. There were no other stock transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2025. (Amounts to be deducted should be indicated with minus sign.)
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