Question
Instructions Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 2017, Common Stock had a balance of $40,000, and Retained Earnings had
Instructions Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 2017, Common Stock had a balance of $40,000, and Retained Earnings had a balance of $825,500. During the year, $17,000 of additional common stock was issued, and $13,000 of dividends were paid. For the year ended December 31, 2017, Speedy Delivery reported a net income of $68,500. Required: Prepare a statement of stockholders' equity for the year ended December 31, 2017 Labels and Amount Descriptions Br Du Labels ind For the Year Ended December 31, 20Y7 December 31, 20Y7 Amount Descriptions Balances, January 1, 20Y7 Balances, December 31, 20Y7 Dividends Issued common stock Net income Net loss X Instruc Statement of Stockholders' Equity Br 29 Li Prepare a statement of stockholders' equity for the year ended December 31, 2017. Du ind Statement of Stockholders' Equity Instructions 2 Speedy Delivery Services Statement of Stockholders' Equity (Label) Retained Common Stock Total Earnings ince of $82 reported
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