Presented below is financial data for Thomas & Co. as ofyear-end 2013Cash: $22000Retained...Presented below...

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Accounting

Presented below is financial data for Thomas & Co. as ofyear-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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Statement of Stockholder’s Equity is presented below
Retained Earnings balance can be calculated by adding Net Income and deducting Dividend amount from Beginning balance of Retained Earnings.

Statement of Stockholder's Equity as of Dec 31, 2013
	Common Stock	Retained Earnings	Total Stockholder's Equity
Balance jan 1, 2013	$ 106,000.00	$ 32,000.00	$ 138,000.00
Net Income		$ 66,000.00	$ 66,000.00
Dividends		$ (30,000.00)	$ (30,000.00)
Balance Dec 31, 2013	$ 106,000.00	$ 68,000.00	$ 174,000.00

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