The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625. 
Prepare a statement of stockholder's equity for Rocky's Day Spa for the current year ended December 31.
Definitions:
Introspection
The examination or observation of one's own mental and emotional processes, reflecting on thoughts and feelings.
Structuralists
This term refers to psychologists who analyze the structure of the mind and its perceptions by breaking down experiences into their simplest elements.
Introspection
The examination or observation of one's own mental and emotional processes.
Test Question
A question used in an examination or a study to assess knowledge, skills, or abilities.
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