me leit 1:47:47 E3-04A Stat support eBook Print Question 5 Not complete Marked out of 17.00 F Fag on Statement of Stockholders' Equity On January 1, the balance of the Retained Earnings account was $48,000. The company's Common Stock account had an opening balance of 570,000, and $6,000 in new capital contributions were made during the year. During the year, dividends of $9,700 were paid. The income statement shows net income fo $29.900. Prepare a statement of stockholders equity for Strife & Company, architectural design firm. Note: Use a negative sign with your answer for the "Less amounts. Strife & Company Statement of Stockholders' Equity For Year Ended December 31 Common Retained Stock Earnings Total Balance, January 1 Add Net income Less: Balance December 31 5 Check