Statement of Stockholders' Equity On January 1, the credit balance of the Retained Earnings account was $51,000. The company's Common Stock account had an opening balance of $73,000. $9,000 in new capital contributions were made during the year. On December 31, at year-end, the Dividends account had a debit balance of $12,700 before closing. The income statement shows net income of $32,900.Prepare a statement of stockholders' equity for Strife& Company, architectural design firm.