3.

Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cosh dividends of $600 were declared at the end of the year, and 510 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,040 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,620 Accounts receivable 2,240 Interest receivable 110 Prepaid insurance 1,610 Long-term notes receivable 2,990 Equipment 17,000 Accumulated depreciation $ 2,860 Accounts payable 2,270 Dividends payable 600 Accrued expenses payable 3,850 Income taxes payable 2,640 Unearned rent revenue 340 Common Stock (830 shares) 83 Additional paid-in capital 3,497 Retained earnings 5,100 Sales revenue 37,150 Interest revenue 200 Rent revenue 630 Wages expense 18,300 Depreciation expense 1.770 Utilities expense 340 Insurance expense 750 Rent expense 9,700 Income tax expense 2,790 Total $59,220 $59,220 Prepare a statement of stockholders' equity for the current year. (Reductions in account balances should be indicated with a minus sign.) CATENA'S MARKETING COMPANY Statement of Stockholders' Equity ces Total Common Stock Additional Pald-In Capital Retained Earnings Stockholders Equity Balance, January 1 Balance, December 31