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At the beginning of the year (January 1), a company has $11,000 of common stock outstanding and retained earnings of $7,300. During the year, the
At the beginning of the year (January 1), a company has $11,000 of common stock outstanding and retained earnings of $7,300. During the year, the company reports net income of $7,600 and pays dividends of $2,300. In addition, the company issues additional common stock for $7,100. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)
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