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All one homework question, please help Ollie Company experienced the following events during its first year operations 1. Acquired $72,000 cash from the issue of

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All one homework question, please help

Ollie Company experienced the following events during its first year operations 1. Acquired $72,000 cash from the issue of common stock. 2. Borrowed $26,000 from the First City Bank. 3. Earned $59,000 of cash revenue. 4. Incurred $43,000 of cash expenses 5. Paid a $7,000 cash dividend. 6. Paid $43,000 to purchase land. Required Prepare a statement of changes in stockholders' equity. OLLIE COMPANY Statement of Changes in Stockholders' Equity For the Period Ended December 31, Year 1 Beginning common stock ces 0 Ending common stock Beginning retained earnings 0 Ending retained earnings 0 Total stockholders' equity

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