Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7,

Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000, and Retained Earnings had a balance of $815,500. During the year, no additional common stock was issued, and $10,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $67,250.

Required:
Prepare a statement of stockholders’ equity for the year ended December 31, 20Y7.