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i need an answer for this please A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares
i need an answer for this please A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of 2024 . The company has the following transactions atfecting stockholders" equity in 2024. March 1 Issues 49, 060 additional shares of \$1 par value connon stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock fon 849 per share, June 1 Declares a cash dividend of $1.20 per share to all stockhoiders of recond on June 15. (itint: Dividends are not paid on treasury stock.) Juty 1 Pays the cash dividend declared on June 1. October 21 Resel1s 2,200 shares of treasury stock nurchased on May 10 fon $54 per share. The company has the following beginning balances in its stocktholders' equity accounts on January 1, 2024: Common Stock, $100,000 : Additional Paid in Copital, $3.900,000; and Retained Earnings, $1,400,000. Net income for the year ended December 31, 2024 , is $540,000 Required: Prepare the statement of stockholders' equity for the company for the year ended December 31, 2024. (Amounts to be deducted should be indicated by o minus sign.)
i need an answer for this please
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