Chapter 1, Problem 1.13E

Preparing a Statement of Stockholders’ Equity

Clint’s Stonework Corporation was organized on January 1, 2015. For its first two years of operations, it reported the following:

Net income for 2015	$ 31,000
Net income for 2016	42,000
Dividends for 2015	14,200
Dividends for 2016	18,700
Total assets at the end of 2015	130,000
Total assets at the end of 2016	250,000
Common stock at the end of 2015	100,000
Common stock at the end of 2016	100,000

Required:

On the basis of the data given, prepare a statement of stockholders’ equity for 2016. Show computations.