Rutledge was organized at the beginning of 2010.

It had the following income items for the year ended December 31,2010:

Sales 10,000,000

Gain on sale of assets 250,000

Unrealized gain available for sale securities 140,000

Unrealized gain on trading securities 100,000

cost of goods sold 5,000,000

Operating expenses 4,000,000

As a new company, Rutledge issued 50,000 shares of $1 par common stock for $350,000. On July 5, 2010, Rutledge reacquired 5,000 shares of its own stock for 25,000

Prepare the December 31,2010 statement of changes in stockholder's equity