At December 31, 2017, Canby Corp. reported the following stockholders' equity: (Click on the icon to...
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At December 31, 2017, Canby Corp. reported the following stockholders' equity: (Click on the icon to view the stockholders' equity.) C During 2018, Canby Corp. completed these transactions and events in this order: (Click on the icon to view the transactions and events.) Requirement 1. Prepare Canby's statement of stockholders' equity for the year ended December 31, 2018. Begin by selecting the descriptions, then complete each column of the statement. (Enter the labels i chronological order. Use parentheses or a minus sign when subtracting numbers. Leave unused cells blank. Do not enter a "0" for any zero balances.) Canby Corp. Statement of Stockholders' Equity Year Ended December 31, 2018 Data table - X More info Common Stock Additional paid-in capital Total Retained earnings Treasury stockholders' stock Paid-in capital: equity Common stock, $8 par, 800,000 shares authorized, 110,000 shares issued a. Sold 700 shares of treasury stock for $35 per share; the cost of these shares was $26 per share b. Issued 800 shares of common stock at $23 per share $ 880,000 125,000 c. Net income for the year was $88,000 d. Declared and paid cash dividends of $60,000 Additional paid-in capital-common Total paid-in capital Retained earnings $ 1,005,000 660,000 Subtotal 1,665,000 Print Done (75,400) Less: Treasury stock, 2,900 shares at cost $ 1,589,600 Total stockholders' equity Print Done At December 31, 2017, Canby Corp. reported the following stockholders' equity: (Click on the icon to view the stockholders' equity.) C During 2018, Canby Corp. completed these transactions and events in this order: (Click on the icon to view the transactions and events.) Requirement 1. Prepare Canby's statement of stockholders' equity for the year ended December 31, 2018. Begin by selecting the descriptions, then complete each column of the statement. (Enter the labels i chronological order. Use parentheses or a minus sign when subtracting numbers. Leave unused cells blank. Do not enter a "0" for any zero balances.) Canby Corp. Statement of Stockholders' Equity Year Ended December 31, 2018 Data table - X More info Common Stock Additional paid-in capital Total Retained earnings Treasury stockholders' stock Paid-in capital: equity Common stock, $8 par, 800,000 shares authorized, 110,000 shares issued a. Sold 700 shares of treasury stock for $35 per share; the cost of these shares was $26 per share b. Issued 800 shares of common stock at $23 per share $ 880,000 125,000 c. Net income for the year was $88,000 d. Declared and paid cash dividends of $60,000 Additional paid-in capital-common Total paid-in capital Retained earnings $ 1,005,000 660,000 Subtotal 1,665,000 Print Done (75,400) Less: Treasury stock, 2,900 shares at cost $ 1,589,600 Total stockholders' equity Print Done
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