& Longo's return on sales was 101 P4.7A. Preparing the Statement of Stockholders' Equity Presented below is financial data for Likert Co. as of year-end 2016: ...$(14,000) 35,000 7,500 Accumulated depreciation.. Cash... Retained earnings, Jan. 1, 2016.... Intangible assets Common stock. . . . 50,000 Retained earnings, Dec. 31, 2016 25,000 Stockholders' equity, Jan. 1, 2016. . .. 65,000 37,000 ,000 Stockholders' equity, Dec. 31, 2016. .. 87,000 Dividends paid Required Prepare a statement of stockholders' equity for Likert & Co. as of December 31, 2016