Reference no: EM133173452

Question - Statement of Stockholder's Equity - Kelly Inc. had the following activity:

Common Stock account balance at January 1, 2021 was $5,000.

Additional Paid in Capital account balance at January 1, 2021 was $2,000,000.

Retained earnings had a balance of $521,500 at December 31, 2021.

In 2021, issued 1,000 common shares of $0.01 par value at a market value of $22.00 per share.

Recorded total revenue of $565,000 for the year ended December 31, 2021.

Recorded total expenses of $380,000 for the year ended December 31, 2021.

Declared a $6,000 cash dividend on December 15, 2021, to be paid on January 12, 2022.

In 2021, repurchased and retired 550 shares in the open market totaling $12,500.

Required - Prepare a Statement of Stockholder's Equity for the year ended December 31, 2021.