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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end

Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,200 in cash (for a total at the end of the year of 900 shares). These effects are included below:

Catenas Marketing Company
Adjusted Trial Balance
End of the Current Year
Debit Credit
Cash $1,550
Accounts receivable 2,300
Interest receivable 120
Prepaid insurance 1,700
Long-term notes receivable 3,300
Equipment 16,290
Accumulated depreciation $3,200
Accounts payable 2,600
Dividends payable 650
Accrued expenses payable 4,020
Income taxes payable 1,800
Unearned rent revenue 550
Common Stock (900 shares) 90
Additional paid-in capital 3,720
Retained earnings 1,600
Sales revenue 40,800
Rent revenue 850
Interest revenue 120
Wages expense 20,500
Depreciation expense 2,000
Utilities expense 420
Insurance expense 840
Rent expense 9,200
Income tax expense 1,780
Total $60,000 $60,000

Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign.

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