Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 20Y7, Common Stock had a balance
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Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 20Y7, Common Stock had a balance of $75,000, and Retained Earnings had a balance of $615,700. During the year, $15,000 of additional common stock was issued, and $6,000 of dividends were paid. For the year ended December 31, 20Y7, Speedy Delivery reported a net income of $85,300. Prepare a statement of stockholders’ equity for the year ended December 31, 20Y7.
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