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At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the During the current year, the following selected transactions (summarized) were
At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,500 shares of common stock at $24 cash per share (at year-end). b. Determined net income, $47,000. c. Declared and paid a cash dividend of $2 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31 , current year. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year
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