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Prepare the statement of stockholders equity

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Reference no: EM132404007

Question

At the beginning of the year (January 1), Maurice and Sons has $9,600 of common stock outstanding and retained earnings of $5,600. During the year, the company reports net income of $3,280 and pays dividends of $2,680. In addition, the company issues additional common stock for $3,900.

Prepare the statement of stockholders' equity at the end of the year (December 31).

Reference no: EM132404007

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