Refer to M4-8. Prepare a statement of stockholders’ equity in good form for the current year. Beginning balances for stockholders’ equity accounts are: Common stock, $30; Additional paid-in capital, $670; and Retained earnings, $2,000.

Data from in  M4-8

Catena’s Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below:

Prepare a multistep income statement in good form for the current year. Include the operating income subtotal and earnings per share (rounded to two decimal places).

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1 2 3 4 5 Accounts receivable 6 Interest receivable Prepaid insurance 7 8 Long-term notes receivable 9 Equipment Accumulated depreciation 10 11 CATENA'S MARKETING COMPANY Adjusted Trial Balance at the End of the Current Year (in millions) Debit Credit Cash 12 13 14 15 16 17 18 19 20 Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common stock (800 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue 1,500 2,200 100 1,600 2,800 15,290 3,000 2,400 600 3,920 1,680 500 80 3,620 1,400 38,500 800