Presented below is financial data for Thomas \& Co. as of December 31:

Required 

Prepare a statement of stockholders' equity as of December 31, 2019.

Transcribed Image Text:

Cash.... Retained earnings, Jan. 1, 2019... Building.... Common stock.. Accrued expenses payable Dividends paid.... $ 25,000 Inventory... 31,000 Net income.. 150,000 120,000 8,000 30,000 Stockholders' equity, Jan. 1, 2019 Retained earnings, Dec. 31, 2019 $ 14,000 60,000 151,000 ? Stockholders' equity, Dec. 31, 2019.. 181,000