Clint's Stonework Corporation was organized on January 1, 2015. For its first two years of operations, it reported the following: Net income for 2015 Net income for 2016 Dividends for 2015 Dividends for 2016 Total assets at the end of 2015 Total assets at the end of 2016 Common stock at the end of 2015 Common stock at the end of 2016 $ 30,100 42.400 14,200 18,900 142,000 265,000 110,000 110,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2016. CLINT'S STONEWORK CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2016 Common Stock Retained Earnings Balance December 31, 2015 $ 110,000 Add: Net Income 42,400 Less: Dividends 18.900 Balance December 31, 2016 $ 110,000