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EIGHT(10 marks) At he beginning of the year(Jan. 1), Bennett drilling has $10,000 of common stock outstanding and retained earnings of $7,200. During the year,
EIGHT(10 marks) At he beginning of the year(Jan. 1), Bennett drilling has $10,000 of common stock outstanding and retained earnings of $7,200. During the year, Bennett reports net income $7,500 and pays dividends of $2,200. In addition, Bennett issues additional common stock for $7,000. Required: Prepare the statement of stockholders' equity at the end of the year
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