At December 31, 2011, Canby, Corp., reported the following stockholders€™ equity:

During 2012, Canby, Corp., completed these transactions and events in this order:
a. Sold 900 shares of treasury stock for $42 per share; the cost of these shares was $34 per share.
b. Issued 1,300 shares of common stock at $18 per share.
c. Net income for the year was $229,000.
d. Declared and paid cash dividends of $105,000.

Requirement
1. Prepare Canby€™s statement of stockholders€™ equity for the year ended December 31,2012.

Transcribed Image Text:

Paid-in Capital: Common Stock, $1 par, 200,000 authorized, $115,000 120,000 $235,000 720,000 $955,000 95,200 115,000 shares issued Additional Paid-in Capital Total Paid-in Capital Retained Earnings Subtotal Less: Treasury Stock, 2,800 shares at cost Total Stockholders' Equity