Seved Help Save & Exit Submit - Chapter 1, 2, 3 and 4 Submit Problem 2-112 3 The following is selected financial Information for D. Kay Dental Laboratories for 2017 and 2018: Retained earnings, January 1 Net income Dividends declared and paid Common stock 2017 $58,000 42,000 20,000 75,000 2018 2 47,000 23,000 ? k Kay issued 2,500 shares of additional common stock in 2018 for $25,000. There were no other shareholder transactions Required: Prepare a statement of shareholders' equity for D. Kay Dental Laboratories for the year ended December 31, 2018 D. KAY DENTAL LABORATORIES Statement of Shareholders' Equity For the Year Ended December 31, 2018 Common Stock Retained Earnings Total Shareholders' Equity Balance at January 1, 2018 Balance at December 31, 2018