14 14 012421 Company A designs and produces a line of golf equipment and golf apparel....

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14 14 012421 Company A designs and produces a line of golf equipment and golf apparel. Company A has 100,000 shares of common stock outstanding as of the beginning of Year 1. Company A has the following transactions affecting stockholders' equity in Year 1. March May June July 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. 10 Purchases 4,000 shares of treasury stock for $45 per share. 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Mint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,000 shares of treasury stock purchased on May 10 for $50 per share. Company A has the following beginning balances in its stockholders' equity accounts on January 1, Year 1: Common Stock, $100,000, Additional Paid-in Capital, $3,500,000, and Retained Earnings, $1,000,000 Net income for the year ended December 31, Year 1, is $500,000 Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Treasury Stock Total Stockholders Equity 05 4,600,000 Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 Company A Statement of Stockholders' Equity For the Year Ended Deceinber 31, Year 1 Additional Common Stock Paid in Capital Retained Earnings $ 100,000 $ 3,500,000 $ 1,000,000 $ 14 14 012421 Company A designs and produces a line of golf equipment and golf apparel. Company A has 100,000 shares of common stock outstanding as of the beginning of Year 1. Company A has the following transactions affecting stockholders' equity in Year 1. March May June July 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. 10 Purchases 4,000 shares of treasury stock for $45 per share. 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Mint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,000 shares of treasury stock purchased on May 10 for $50 per share. Company A has the following beginning balances in its stockholders' equity accounts on January 1, Year 1: Common Stock, $100,000, Additional Paid-in Capital, $3,500,000, and Retained Earnings, $1,000,000 Net income for the year ended December 31, Year 1, is $500,000 Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Treasury Stock Total Stockholders Equity 05 4,600,000 Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 Company A Statement of Stockholders' Equity For the Year Ended Deceinber 31, Year 1 Additional Common Stock Paid in Capital Retained Earnings $ 100,000 $ 3,500,000 $ 1,000,000 $