Balance, January 1 retained earnings isnt 4140 ive tried it. It was incorrect.

Balance, January 1 Total Stockholders' Equity isnt 5680. Ive tried it. It was incorrect.

Catena's Marketing Company has the following adjusted trial balance at the end of the current year, Cash dividends of $600 were declared at the end of the year, and 540 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,160 in cash (for a total at the end of the year of 840 shares). These effects are included below Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Credit Cash $1,600 Accounts receivable 2,250 Interest receivable 110 Prepaid Insurance 1,690 Long term notes receivable 2,900 Equipment 16,700 Accumulated depreciation $ 2,960 Accounts payable 2,220 Dividends payable 600 Accrued expenses payable 3,020 Income taxes payable 2.610 Unearned rent revenue 490 Common Stock (840 shares) 84 Additional paid in capital 3,616 Retained earnings 4,140 Sales revenue 36,650 Interest revenue 110 Rent revenue 600 Wages expense 18,000 Depreciation expense 1750 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,600 Accounts receivable 2,250 Interest receivable 110 Prepaid insurance 1,690 Long-term notes receivable 2,900 Equipment 16,700 Accumulated depreciation $ 2,960 Accounts payable 2,220 Dividends payable 600 Accrued expenses payable 3,820 Income taxes payable 2,610 Unearned rent revenue 490 Common Stock (840 shares) 84 Additional paid-in capital 3,616 Retained earnings 4,140 Sales revenue 36,650 Interest revenue 110 Rent revenue 600 Wages expense 18,000 Depreciation expense 1,750 Utilities expense 400 Insurance expense 780 Rent expense 9,000 Income tax expense 2, 720 Total $ 57,900 $ 57,900 Prepare a statement of stockholders' equity for the current year (Reductions in account balances should be indicated with a minus sign.) CATENN'S MARKETING COMPANY Statement of Stockholders Equity For the current year Common Additional Stock Pald in Copital 305 1,510 541 2,106 Retained Earnings Total Stockholders Equity Balance, January 1 Share Issuance Net Income Dividends declared 4.710 2,160 4.710 (600) (600) Balance, December 31 $ Bus 36161