Statement of stockholders’ equity
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Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $30,000, and Retained Earnings had a balance of $802,500. During the year, no additional common stock was issued, and $11,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $65,250.
Prepare a statement of stockholders’ equity for the year ended December 31, 20Y7. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.