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Prepare the December statement of stockholders equity

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Question - Formulating a Statement of Stockholders' Equity from Raw Data Crocker Corporation began calendar-year 2016 with stockholders' equity of $450,000, consisting of contributed capital of $315,000 and retained earnings of $135,000. During 2016, it issued additional stock for total cash proceeds of $135,000. It also reported $225,000 of net income, of which $112,500 was paid as a cash dividend to shareholders.

Required - Prepare the December 31, 2016 statement of stockholders' equity for Crocker Corporation. Use negative signs with answers that reduce the account balance(s).

Reference no: EM132823253

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