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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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