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At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATION Balance Sheet At December 31, Prior
At the end of the prior year annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATION Balance Sheet At December 31, Prior Year Stockholders equity Contributed capital Common stock (par $15: 6,400 shares) Paid in capital Total contributed capital Retained earnings Total stockholders' equity 596.000 11,000 107.000 42.000 $149,000 During the current year the following selected transactions (summarized) were completed a Sold and issued 2,000 shares of common stock at $30 cosh per Share (at year-end) b. Determined net income $43,000. c. Declared and paid a cash dividend of $4 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 BARNARD CORPORATION Statement of Stockholders' Equity Common Stock Shares Amount 64005 96.000 Paid in Capital Retained Earnings Total Stockholders Equity Balances of December 31 prior year Add Net income Less Dividends declared Stock issued Balances as of December 31. Current year
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