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Martin Mfg Co is Incorporated on January 1, 2020. During it's first fiscal year, which ends Dec 31, 2020, Martin Mfg used the following transsctions
Martin Mfg Co is Incorporated on January 1, 2020. During it's first fiscal year, which ends Dec 31, 2020, Martin Mfg used the following transsctions
Issued 300 shares for $9 per share.
Purchased 30 units of inventory on account at a cost of $30 per unit.
Sold purchased inventory for $60 per unit.
Paid vendors for 15 units of inventory.
Paid $200 in dividends
Ignore income taxes, what is the balance of the shareholders equity as of 12/31/2020
please show your work
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