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2. Prepare a statement of stockholders' equity of Caracel, Inc. for the year December 31 using the following data. a. Beginning balances: - Common Stock,$10

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2. Prepare a statement of stockholders' equity of Caracel, Inc. for the year December 31 using the following data. a. Beginning balances: - Common Stock,\$10 par value, authorized, 20,000 shares, issued and outstanding, 10,000 shares - \$100,000 - Paid-In Capital in Excess of Par $10,000 - Retained Earnings - \$30,000 b. Reported net income of $40,000 for the year c. Issued 2,000 common stocks at $15 cash per share. d. Purchased 1,000 common stocks at $20 per share e. Declared and paid $0.20 dividend per share

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