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Ciara's Cookie Company provided the following account balances from its year$-$end trial balance.

$($Click the icon to view the year$-$end trial balance.$)$

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.$

Ciara's Cookie Company

Statement of Stockholders' Equity

For the Current Year Ended December $31$

Requirement

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. $($If an input field is not used in the statement, leave the input field empty; do

not enter a zero. Round intermediary calculations and your final answers to the

nearest whole dollar. Use a minus sign or parentheses for a loss or to show a

decrease in any of the accounts.$)$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

$27,250$

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

$9,050$

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