Boardwalk Web Design has just completed operations for the year ended December 31, 2025. This is the third year of operations for the company. The following data have been assembled for the business: 

Prepare the statement of stockholders’ equity of Boardwalk Web Design for the year ended December 31, 2025. No common stock was issued during 2025.

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Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2025 $4,000 Salaries Expense 74,000 Accounts Payable 1,100 Supplies 13,000 Dividends 6,000 Accounts Receivable 4,700 Equipment 4,500 $ 42,000 6,800 2,100 3,900 5,500 15,000