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1. Acquired $72,000 cash from the issue of common stock. 2. Borrowed $26,000 from the First City Bank. 3. Earned $59,000 of cash revenue. 4.
1. Acquired $72,000 cash from the issue of common stock. 2. Borrowed $26,000 from the First City Bank. 3. Earned $59,000 of cash revenue. 4. Incurred $43,000 of cash expenses. 5. Paid a $7,000 cash dividend. 6. Paid $43,000 to purchase land. 10 polnts eBookRequired Prepare a statement of changes in stockholders' equity Hint OLLIE COMPANY Statement of Changes in Stockholders' Equity For the Period Ended December 31, Year 1 Print Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity 0
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