aw Saved Recommended. Daisy Sue A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of 2024. The company has the following transactions affecting stockholders' equity in 2024. March 1 May 10 June 1 July 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. Purchases 5,500 shares of treasury stock for $60 per share. Declares a cash dividend of $1.75 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Pays the cash dividend declared on June 1.1 October 21 Resells 2,750 shares of treasury stock purchased on May 10 for $65 per share. The company has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid-in Capital, $5,000,000; and Retained Earnings, $2,500,000. Net income for the year ended December 31, 2024, Is $650,000. Required: Prepare the statement of stockholders' equity for the company for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Payment of cash dividends Resell treasury stock i Net income A COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Additional Paid-in Capital Total Retained Earnings Treasury Stock Stockholders' Equity $ 100,000 $ 5,000,000 $ 2,500,000 $ 0 $ 7,600,000 stv < Prev 21 of 26 Next > NT Ai Ps MacBook Pro