The following is selected financial information for osmond dental laboratories for 2021 and 2022: 2021 2022 retained earnings, january 1 $ 52,000 ? net income 34,000 46,000 dividends 12,000 22,000 common stock 71,000 ? osmond issued 3,000 shares of additional common stock in 2022 for $20,000. there were no other stock transactions. prepare a statement of stockholders' equity for the year ended december 31, 2022. (amounts to be deducted should be indicated with minus sign.)

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $52,000 + $34,000 - $12,000

= $74,000

And, the ending balance of the common stock = Beginning balance of common stock + issued shares  

= $71,000 + $20,000

= $91,000

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

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