Question
MArble corporation had the following balances in its stockholders equity accounts at December 31, 2010. common stock, $10 par, 50,000 shares authorized, 20,000 shares issued...$200,000
MArble corporation had the following balances in its stockholders equity accounts at December 31, 2010. common stock, $10 par, 50,000 shares authorized, 20,000 shares issued...$200,000 paid-in capital in excess of par value, common......250,000 retained eranings.......500,000 treausry stock, 1,000 shares........(20,000) total stockholders equity..........$930,000 The following transactions occured during 2011: February 3 - sold and issued 3,000 ahares of common stock for $22 per share May10 - declared a $0.50 per share dividend on common stock October - 12 Sold 500 shares of the treausury stock for $20 per share December - 31 Net income for the year was determined to be $75,000 Based on the above information, prepare a statement of stockholders equity for 2011.
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