33.

Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock $100,000; Additional Pald-in Capital, $4,000,000; and Retained Earnings, $4,000,000. Net income for the year ended December 31, 2021, is $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2021: May 18 Issues 30,000 additional shares of $1 par value common stock for $50 per share. May 31 Purchases 5,000 shares of treasury stock for $40 per share. July 1 Declares a cash dividend of $2 por share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 2,750 shares of treasury stock purchased on May 31 for $52 per sharo. Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2021, using the format provided. (Amounts to be deducted should be indicated with a minus sign.) COURT CASUALS Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Additional Retained Stock Pald-in Capital Earnings $ 100,000 $4,000,000 $4,000,000 Treasury Stock Total Stockholders Equity $ 8,100,000 Balance, January 1 Issue common stock Purchase treasury stock Cash dividends Rosell treasury stock Net income Balance, December 31 $ 100,000 $4,000,000 $4,000,000 $ 0$ 8,100,000