Ciara's Cookie Company provided the following account balances from its 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.

Prepare a statement of stockholders· equity for the current year. You will need to solve for net income using the given information. Round to the nearest dollar.

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Ciara's Cookie Company Trial Balance (Seiected Accounts) For the Current Year Ended December 31 Credit Account Debit Reta ned Eanings, Beginn ng Baance $1,200,950 S 55, 675 Accumulated Other Comprehensive Income, Begnning Balance Dividends 57000 Sa es 1,200,895 3,400 Interest Income D vidend Income 3, 250 Gain on Sale of Property 6,789 Gain on Disposałof Plant Assets 76,000 27,250 Unrealized Gain on Trad ng Investments Unrea ized Gainon Available-foSa e Bonds Before Tax Gain on Sale of Dscontinued Operat ons Before Tax 3,500 56,780 Cost of Goods Sod 450,000 Selling Expenses 37,450 Office Supp ies Expense 54,800 Amortization Expense 12,000 Sa es Salaries Expense 23,500 Advertis ng Expense 21,500 Office Salaries Expense 65,000 Deprec ation Expense 25,500 Legal Fees 8,000 Accounting Fees 10,425 Interest Expense 6,700 9, 050 Loss on Asset Impairment