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Martin, Inc. provided the following information from its current-year trial balance (Click the icon to view the financial data.) Martin issued $5,900 of no-par common
Martin, Inc. provided the following information from its current-year trial balance (Click the icon to view the financial data.) Martin issued $5,900 of no-par common stock on April 1 of the current year. Requirement Prepare the stockholders' equity section of the balance shee Dcember 31 of the current year. Ignore taxes. Begin by completing Martin'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.) Account balances Debit Credit Account Loss on disposal of plant assets Dividends Cost of goods sold Selling expenses Dividend income Advertising expense Office salaries expense Depreciation expense 790 820 590,750 69,450 41,750 6,190 90,100 Account balances 2,943 10,250 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 900 480 9,870 805,250 330,750 5,900 90,125 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
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