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Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000, and Retained Earnings had a balance
Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000, and Retained Earnings had a balance of $825,500. During the year, $17,000 of additional common stock was issued, and $13,000 of dividends were paid. For the year ended December 31, 20Y7, Speedy Delivery reported a net income of $68,500.
Required: | |
Prepare a statement of stockholders equity for the year ended December 31, 20Y7. |
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