A statement of stockholders equity for the year ended

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Reference no: EM13926188

At the end of the 2014 annual reporting period, Barnard Corporation's balance sheet showed the following:

BARNARD CORPORATION Balance Sheet At December 31, 2014
Stockholders' equity
Contributed capital
Common stock (par $10; 6,800 shares)	$	68,000
Paid-in capital		11,000

Total contributed capital		79,000
Retained earnings		47,000

Total stockholders' equity	$	126,000


During 2015, the following selected transactions (summarized) were completed:
a.	Sold and issued 1,800 shares of common stock at $23 cash per share (at year-end).
b.	Determined net income, $45,000.
c.	Declared and paid a cash dividend of $3 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, 2015

Reference no: EM13926188

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