The following year end information is available for Compton Corporation at December 31 016 Account Names Debit Credit Common Shares 13000 Preferred Shares 7000 Retained Earnings 29000 Cash Dividends Declared 3500 Revenue 92000 Expenses 58000 REQUIRED Prepare a statement of retained earnings at December 31 2016

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.