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At December 31, 2017, Femandes Corp reported the following stockholders' equity (Click on the icon to view the stockholders' equity) During 2018, Femandes Corp. completed
At December 31, 2017, Femandes Corp reported the following stockholders' equity (Click on the icon to view the stockholders' equity) During 2018, Femandes Corp. completed these transactions and events in this order (Click on the icon to view the transactions and events.) Requirement 1. Prepare Femandes's statement of stockholders' equity for the year ended December Begin by selecting the descriptions, then complete each column of the statement (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. Leave unused cells blank. Do not enter a "0" for any zero balances.) Fernandes Corp. Statement of Stockholders' Equity Year Ended December 31, 2018 Additional Total Common Stock paid-in capital Retained Treasury stockholders' earnings stock equity Balance, December 31, 2017 Sale of treasury stock Issuance of common stock Net income Cash dividends Balance, December 31, 2018 Data table Paid-in capital: Common stock, $10 par, 300,000 shares authorized, 135,000 shares issued Additional paid-in capital-common Total paid-in capital Retained earnings Subtotal Less: Treasury stock, 2,400 shares at cost Total stockholders' equity $ 1,350,000 130,000 $ 1,480,000 720,000 $ 2,200,000 (76,800) $ 2,123,200 - More info a. Sold 500 shares of treasury stock for $36 per share; the cost of these shares was $32 per share b. Issued 900 shares of common stock at $25 per share C. Net income for the year was $240,000 PR d. Declared and paid cash dividends of $80,000
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