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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the

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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 810 shares). Beginning balances for stockholders' equity accounts are: Common stock, $20; Additional paid-in capital, $1,210; and Retained earnings, $4,250. These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Debit $1,510 Credit Accounts receivable 2,260 Interest receivable 240 Prepaid insurance 1,750 Long-term notes receivable 2,820 Equipment 15,700 Accumulated depreciation $2,840 Accounts payable 2,330 Dividends payable 610 Accrued expenses payable Income taxes payable 3,750 1,497 Unearned rent revenue 310 Common Stock (810 shares) Additional paid-in capital Retained earnings Sales revenue 81 3,589 3,640 37,150 Rent revenue 690 Interest revenue 180 Wages expense 18,800 Depreciation expense 1,770 Utilities expense 370 Insurance expense 750 Rent expense 9,200 Income tax expense 1,497 Total $56,667 $56,667 Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign. CATENA'S MARKETING COMPANY Statement of Stockholders' Equity For the current year Common Additional Paid- Retained Stock in Capital Earnings Total Stockholders' Equity Balance, January 1 $ 20 $ 1,210 $ 4,250 $ 5,480 Share issuance Net income Dividends declared Balance, December 31

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