=+EX 13-18 Stockholders’ Equity section of balance sheet obj. 6

✔ Corrected total stockholders’ equity,

$16,758,000 The stockholders’ equity T accounts of For All Occasions Greeting Cards Inc. for the current fiscal year ended December 31, 2010, are as follows. Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2010.

COMMON STOCK Jan. 1 Balance 2,000,000 Feb. 20 Issued 18,000 shares 900,000 _________ Dec. 31 Balance 2,900,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 320,000 Feb. 20 Issued 18,000 shares 216,000 _______ Dec. 31 Balance 536,000 TREASURY STOCK July 19 Purchased 3,000 shares 144,000 RETAINED EARNINGS June 30 Dividend 50,000 Jan. 1 Balance 3,480,000 Dec. 30 Dividend 50,000 Dec. 31 Closing ________ (net income) 510,000 _________ Dec. 31 Balance 3,890,000