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At the beginning of the year (January 1), a company has $12,000 of common stock outstanding and retained earnings $6,200. During the year, the company
At the beginning of the year (January 1), a company has $12,000 of common stock outstanding and retained earnings $6,200. During the year, the company reports net income of $6,500 and pays dividends of $1,200. In addition, the cor issues additionat common stock for $6,000. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)
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