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The records of New York Ts show the following information after all transactions are recorded...

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Accounting

The records of New York Ts show the following information after all transactions are recorded for 2016.

Notes payable

$ 24,000

Supplies

$ 29,000

Service fees earned

184,400

Cash

43,000

Supplies expense

38,800

Advertising expense

6,800

Insurance expense

14,000

Salaries expense

36,000

Miscellaneous expense

600

Rent expense

32,000

Common stock, January 1

22,000

Retained earnings, January 1

25,000

Accounts payable

7,200

Accounts receivable

6,400

Dividends

12,000

Equipment

60,000

New York Ts raised $16,000 cash through the issuance of additional common stock during the year. Based on this information, prepare New York Ts statement of stockholders equity for the year ending December 31, 2016.

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