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Formulating a Statement of Stockholders' Equity from Raw Data Crocker Corporation began calendar-year 2016 with stockholders' equity of $450,000, consisting of contributed capital of $315,000
Formulating a Statement of Stockholders' Equity from Raw Data Crocker Corporation began calendar-year 2016 with stockholders' equity of $450,000, consisting of contributed capital of $315,000 and retained earnings of $135,000. During 2016, it issued additional stock for total cash proceeds of $135,000. It also reported $225,000 of net income, of which $112,500 was paid as a cash dividend to shareholders. Required Prepare the December 31, 2016 statement of stockholders' equity for Crocker Corporation. Use negative signs with answers that reduce the account balance(s). Crocker Corporation Statement of Stockholders' Equity For Year Ended December 31, 2016 Contributed Retained Stockholders' Capital Earnings Equity December 31, 2015 $ $ $ Issuance of common stock Net income Cash dividends December 31, 2016 $ $ $ Check
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