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can you please help me find these answers with reasoning? XYZ, In had the following Stockholder's Equity Balances as of 1/1/21: During the year the
can you please help me find these answers with reasoning?
XYZ, In had the following Stockholder's Equity Balances as of 1/1/21: During the year the following events occurred: 5000 share of common stock was issued on 3/1/21 at $12 per share. 1000 shares of its on stock was purchased on 6/1/21 at $15 per share Net Income for the year was $45,000 XYZ, Inc. declared a 2 for 1 stock split on 11/1/21 Dividends declared 12/15/21 at $1.50 per share to be paid 1/15/22 Calculate the following items as of 12/31/21 1. Total Contributed Capital 2. Retained Earnings Balance 3. Total stockholder's Equity Step by Step Solution
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