Chapter 3 Exercises and Problems Navigation URBAU Finish attempt... Question 5 Not complete Marked out of 5.00 P Flag question Statement of Stockholders' Equity On January 1, the credit balance of the Retained Earnings account was $51,000. The company's Common Stock account had an opening balance of $73,000. $9,000 in new capital contributions were made during the year. On December 31, at year-end, the Dividends account had a debit balance of $12,700 before closing. The income statement shows net income of $32,900. Prepare a Statement of Stockholders' Equity for Strife & Company, architectural design firm. Total STRIFE & COMPANY Statement of Stockholders' Equity For Year Ended December 31 Common Stock Retained Earnings Balance, January 1 0 $ Add: Capital contributed during the year Net Income for the year o Less: Dividends paid (enter as negative) o Balance, January 31 $ 0 $ 0$ 0 $ 0 0 0 Check