Prepare a statement of stockholders equity

Reference no: EM133475290

Question: Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20Y5.

Prepare a statement of stockholders' equity for the year ended May 31, 20Y6.

Reference no: EM133475290

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