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Crocker Corporation began calendar year 2019 with stockholders equity of $150,000, consisting of contributed capital of $120,000 and retained earnings of $30,000. During 2019, it
Crocker Corporation began calendar year 2019 with stockholders equity of $150,000, consisting of contributed capital of $120,000 and retained earnings of $30,000. During 2019, it issued additional stock for total cash proceeds of $30,000. It also reported $50,000 net income and paid $25,000 as a cash dividend to stockholders. Required Prepare the 2019 statement of stockholders equity for Crocker Corporation. Use a negative sign with your answer to show a reduction/decrease in a balance. Crocker Corporation Statement of Stockholders Equity For Year Ended December 31, 2019 Contributed Retained Stockholders Capital Earnings Equity December 31, 2018 Answer Answer Answer Issuance of common stock Answer Answer Answer Net income Answer Answer Answer Cash dividends Answer Answer Answer December 31, 2019
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