Using the following data for A-One Travel Service as well as the statement of stockholders’ equity from Basic Exercise 1-5, prepare a balance sheet as of August 31, 20Y6:

Basic Exercise 1-5

Statement of stockholders’ equity 
Using the income statement for A-One Travel Service from Basic Exercise 1-4, prepare a statement of stockholders’ equity for the year ended August 31, 20Y6. Kate Duffner invested an additional $15,000 in the business in exchange for common stock, and $50,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $775,000 as of September 1, 20Y5.

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$ 35,000 68,000 184,500 Accounts payable Accounts receivable Cash Common stock Land 75,000 880,000 Supplies 17,500