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Complete johnson statement of shareholders equity

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Question - Johnson & Smith Inc. ended 2019 with Retained Earnings of $100,000. During 2020, the company earned net income of $165,000 and declared dividends of $35,000. The company ended 2019 with $40,000 in common shares and $20,000 in $1 preferred shares. Additional common shares were sold in 2020 for $20,000.

Required - Complete Johnson & Smith Inc.'s statement of shareholders' equity for the year ended December 31, 2020.

Reference no: EM132886339

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