How do prepare a statement of stockholders equity

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Reference no: EM132981046

Question - Hummingbird Products, Inc. provided the following information from its current-year trial balance. Hummingbird issued $395,000 of no-par common stock on June 30 of the current year. The company is subject to a 40% income tax rate. The beginning balance in common stock was $1,525,000. How do prepare a statement of stockholders' equity for the year ended December 31.

Reference no: EM132981046

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