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A company designs and produces a line of golf equipment and golf apparel. The company has 1 0 0 , 0 0 0 shares of

A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of 2024. The company has the following transactions affecting stockholders' equity in 2024.
March 1 Issues 57,000 additional shares of $1 par value common stock for $54 per share.
May 10 Purchases 5,200 shares of treasury stock for $57 per share.
Jeclares a cash dividend of $1.60 per share to all stockholders of record on June 15.(Hint: Dividends are July 1 not paid on treasury stock.)
October 21 Resells cash dividend declared on June 1.
The company has the following beginning balances in its stockholders' equity accounts on January 1,2024: Common Stock, $100,000; Additional Paid-in Capital, $4,700,000; and Retained Earnings, $2,200,000. Net income for the year ended December 31,2024, is $620,000.
Required:
Prepare the statement of stockholders' equity for the company for the year ended December 31,2024.(Amounts to be deducted should be indicated by a minus sign.)
\table[[A COMPANY],[Statement of Stockholders' Equity],[For the Year Ended December 31,2024],[\table[[,Col,n Stock,\table[[Additional],[Paid-in Capital]],\table[[Retained],[Earnings]],Treasury Stock,\table[[Total],[Stockholders'],[Equity]]],[Balance, January 1,$,100,000,4,700,000,2,200,000,0,7,000,000
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