Using the financial data shown in Exercise 2-17 for West Coast Dreams Realty Inc., prepare a statement of stockholders’ equity for the month ended June 30, 20Y9.

Data from Exercise 2-17

After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9.

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$ 86,000 $ 100,000 16,000 Cash Notes payable Common stock 150,000 Rent expense Dividends 4,000 Retained earnings Interest expense 600 Salaries expense 100,000 Land 200,000 Sales commissions 180,000 Miscellaneous expense 3,400 Utilities expense 20,000