Chapter 6, Problem 6.4P

Prepare Stockholders’ Equity Section of Balance Sheet. Delaney Products, Inc. provided the following information from its current-year trial balance

Account	Debit	Credit
Gain on disposal of plant assets		$ 890
Dividends	$ 125
Cost of goods sold	25,000
Selling expenses	5,000
Dividend income		866
Advertising expense	7000
Office salaries expense	6,700
Depreciation expense	8,250
Systems consulting fees expense	350
Loss on asset impairment	467
Unrealized gain on trading investments		200
Accounting and legal fees expense	300
Loss on discontinued operations before tax	1,000
Office supplies expense	2,000
Interest income		4,000
Gain on uninsured flood damage before tax		5,600
Unreal zed loss on available-for-sale bonds before tax	933
Amortization expense	5.500
Interest expense	900
Sales salaries expense	2,100
Sales		400,000
Retained earnings beginning balance		750,000
Accumulated other comprehensive income: beginning balance		210,000
Common stock - no par: beginning balance		82,000

Delaney issued $55,000 of no-par common stock on October 1 of the current year. The company also repurchased $13,500 of its shares at the end of the reporting period. The company is subject to a 40% income tax rate.

Required

Prepare the stockholders’ equity section of the balance sheet at December 31 of the current year. Round to the nearest dollar.