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Exercise 11-19 (Algo) Preparing a statement of stockholders' equity LO C3 Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December
Exercise 11-19 (Algo) Preparing a statement of stockholders' equity LO C3 Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. Note: Amounts to be deducted should be indicated by a minus sign. . . . Beginning balances of $400 for Common Stock, $9,800 for Paid-In Capital in Excess of Par, and $20,200 for Retained Earnings. Reported net income of $40,200. Issued common stock, which increased common stock by $100 and increased the Paid-In Capital in Excess of Par by $3,100. Purchased $6,200 of treasury stock. Declared and paid $4,200 of cash dividends. Beginning balance Net income Issuance of common stock Purchase of treasury stock Cash dividends Ending balance Hulu Incorporated Statement of Stockholders' Equity For Year Ended December 31 Paid-In Capital in Excess of Par Common Stock Retained Earnings Treasury Stock Total Equity $ 0
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