Delaney Products, Inc. provided the following information from its current- year trial balance.

Delaney issued $ 55,000 of no-par common stock on October 1 of the current year. The company also repurchased $ 13,500 of its shares at the end of the reporting period. The company is subject to a 40% income tax rate. Prepare the stockholders€™ equity section of the balance sheet at December 31 of the current year.

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Debit Credit Gain on disposal of plant assets S 990 S 125 Systems consulting fees expense Unrealized gain on trading investments Accounting and legal fees expense Loss on discontinued operations before tax 1,000 4,000 Gain on uninsured flood damage bofore tax Unrealized loss on available-forsale bonds before tx 5,600 5,500 Retained earnings beginning Accumulated other comprehensive income: beginning balance Common stock - no par: beginning balance balance 210,000