Using the income statement for Ousel Travel Service from Exercise 4, prepare a statement of stockholders’ equity for the year ended November 30, 20Y8. Shane Ousel invested an additional

$50,000 in the business in exchange for common stock during the year and cash dividends of $30,000 were paid. As of December 1, 20Y7, common stock had a balance of

$100,000 and retained earnings had a balance of $566,000.