13-22 Statement of Stockholders' Equity

The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.

COMMON STOCK
			Jan. 1	Balance	1,500,000
			Apr. 14	Issued
				16,800 shares	672,000
			Dec. 31	Balance	2,172,000

PAID-IN CAPITAL IN EXCESS OF PAR
			Jan. 1	Balance	240,000
			Apr. 14	Issued
				16,800 shares	134,400
			Dec. 31	Balance	374,400

TREASURY STOCK
Aug. 7	Purchased
	2,800 shares	103,600

RETAINED EARNINGS
Mar. 31	Dividend	38,000	Jan. 1	Balance	2,610,000
June. 30	Dividend	38,000	Dec. 31	Closing
Sept. 30	Dividend	38,000		(Net income)	392,000
Dec. 31	Dividend	38,000	Dec. 31	Balance	2,850,000

Prepare a statement of stockholders equity for the year ended December 31, 20Y9.

If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.

I-Cards Inc.
Statement of Stockholders' Equity
For the Year Ended December 31, 20Y9
	Common Stock $40 Par	Paid-In Capital in Excess of Par	Treasury Stock	Retained Earnings	Total
Balance, Jan. 1, 20Y9	$	$	$	$	$
Issued 16,800 Shares of Common Stock
Purchased 2,800 Shares as Treasury Stock
Net Income
Dividends
Balance, Dec. 31, 20Y9	$	$	$	$	$