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Jude, Inc, provided the following information from its current-year trial balance. (Click the icon to view the financial data.) 0 Account balances Jude issued $5,700
Jude, Inc, provided the following information from its current-year trial balance. (Click the icon to view the financial data.) 0 Account balances Jude issued $5,700 of no-par common stock on April 1 of the current year. Requirement Prepare the stockholders' equity section of the balance sheet at December 31 of the current year. Ignore taxes. Credit Begin by completing Jude's single-step income statement for the current year, one section at a time. (Use a minus sign or parentheses for a net loss. Remember to ignore taxes.) Jude, Inc. Statement of Net Income For the Year Ended December 31 Account Loss on disposal of plant assets Dividends Cost of goods sold Selling expenses Debit 690 820 580,500 71,500 Dividend income 40,250 6,190 91,500 3,592 20,350 550 Advertising expense Office salaries expense Depreciation expense Loss on asset impairment Accounting and legal fees Interest income Unrealized loss on available-for-sale bonds before tax Interest expense Sales Retained earnings: beginning balance Accumulated other comprehensive loss: beginning balance Common stock - no par: beginning balance 460 9,100 775,000 384,200 5,900 86,500 Print Done Net Income (loss) Now, prepare the stockholders' equity section of the balance sheet at December 31 of the current year. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Stockholders' Equity Total Stockholders' Equity
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