E$1-13($Algo$)$ Preparing a Statement of Stockholders' Equity LO$1-1$

Plummer Stonework Corporation was organized on January $1,2022.$ For its first two years of operations, it reported the following:

Net income for $2022$

Net income for $2023$

Dividends for $2022$

Dividends for $2023$

Total assets at the end of $2022.$

Total assets at the end of $2023$

Common stock at the end of $2022$

Common stock at the end of $2023$

$$30,800$

$42,200$

$14,700$

$18,000$

$131,000$

$255,000$

$130,000$

$130,000$

Required:

On the basis of the data given, prepare a statement of stockholders' equity for $2023.$

$\backslash$table$[[$PLUMMER STONEWORK COR$],[$Statement of Stockholders' Equity$],[,,$Stock,Retained Earnings$],[$Balance December $31,2022,$$$,130,000,],[$Add: Net income,,,$42,200],[$Less: Dividends,,,$18,000],[$Balance December $31,2023,$$$,130,000,]]$