Question: Presented below is financial data for Thomas & Co. as of year-end 2013 Cash: $22000 Retained earnings, January 1, 2013: $32000 Building: $50000 Common stock:

Presented below is financial data for Thomas & Co. as of year-end 2013
Cash: $22000
Retained earnings, January 1, 2013: $32000
Building: $50000
Common stock: $106000
Accrued expenses payable: $14000
Dividends paid: $30000
Inventory: $20000
Net income: $66000
Stockholders equity, January 1, 2013: $138000
Retained Earnings, December 31, 2013: ?
Stockholders equity, December 31, 2013: $174000
Prepare a statement of stockholders equity for Thomas & Co. as of December 31, 2013

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