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Can someone explain how to solve where the red X's are? I have tried everything Prepare Powder's statement of shareholders' equity (include retained earnings) for
Can someone explain how to solve where the red X's are? I have tried everything
Prepare Powder's statement of shareholders' equity (include retained earnings) for 2019. POWDER COMPANY Statement of Shareholders' Equity For Year Ended December 31, 2019 Additional Additional Paid-in Preferred Stock $100 par Common Paid-in Capital on Preferred Retained Stock Capital on Common $5 par Total Earnings Stock Stock Balances, 1/1/19 y 58,700 V 185,000 V 92,900 V 37,300 V 21,500 V 395,400 V Common stock issued v 16,000 V 26,000 V 10,000 Preferred stock issued v 39,600 V 33,000 6,600 Net income 38,950 V 38,950 Cash dividend paid on preferred v 10,072 V 10,072 V Cash dividend paid on common / 9,460 V 9,460 V Balances, 12/31/19 y 125,900 V 47,300 V 74,700 V 28,100 V 213,418 480,518 XStep by Step Solution
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