Society Teas, Inc. provided the following information from its current- year trial balance.

Society Teas issued $5,400 of no-par common stock on April 1 of the current year. 

Required
Prepare the stockholders' equity section of the balance sheet at December 31 of the current year. Ignore taxes.

Debit Credit S 740 Loss on disposal of plant assets Cost of goods sold Selling expenses Dividend inc Advertising expense 549,450 70,515 39,175 Office salaries expense Depreciation axpense Loss on asset impaiment Accounting and legal feas Interest income Unrealized loss on available-for-sale bonds before tax Interest expense S 6,268 94,020 3,250 15,600 S 712 450 9,600 783,500 368,900 Retained earnings: beginning balance Accumulated other comprehensive loss: beginning balance Common stock-no par beginning balance 5,700 85,800