Chapter 5, Problem 5.10E

Prepare Statement of Stockholders’ Equity. Ciara’s Cookie Company provided the following account balances from its year-end trial balance.

Ciara's Cookie Company

Trial Balance (Selected Accounts)

For the Current Year Ended December 31

Account	Debit	Credit
Retained Earnings. Beginning Balance		$1,200,950
Accumulated Other Comprehensive Income, Beginning Balance	$ 55,675
Dividends	57,000
Sales		1,200,895
Interest Income		3,400
Dividend Income		3,250
Gain on Sale of Property		6,789
Gain on Disposal of Plant Assets		76.000
Unrealized Gain on Trading Investments		27250
Unrealized Gain on Available-for Sale Bonds Before Tax		3,500
Gain on Sale of Discontinued Operations Before Tax		56,780
Cost of Goods Sold	450,000
Selling Expenses	37,450
Office Supplies Expense	54,800
Amortization Expense	12,000
Sales Salaries Expense	23.500
Advertising Expense	21,500
Office Salaries Expense	65,000
Depreciation Expense	25,500
Legal Fees	8,000
Accounting Fees	10,425
Interest Expense	6.700
Loss on Asset Impairment	9,050

During the year, Ciara issued no-par common stock. The proceeds of the new issue were $25,000. The company is subject to a 40% Income tax rate. The beginning balance In common stock was $456,000.

Prepare a statement of stockholders equity for the current year. Note: You will need to solve for net income using the given information. Round to the nearest dollar.