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(New Problem - not a continuation of the prior problem) Statement of Stockholders' Equity-two (2) questions Instructions: Please prepare a statement of Stockholders' Equity on

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(New Problem - not a continuation of the prior problem) Statement of Stockholders' Equity-two (2) questions Instructions: Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Partial Adjusted Trial Balance. Use this statement of Stockholders' Equity to answer this question and the next question You will need to know the amounts for ending retained earnings and the new total ending balance for stockholders' equity. Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20xx Account Balance Accounts $25,634 24,500 3,299 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Accounts Payable Common Stock Retained Earnings Dividends Revenue Sales Discounts 35,000 10.127 140,140 15,176 5,000 75,000 1,500 (New Problem - not a continuation of the prior problem) Statement of Stockholders' Equity-two (2) questions Instructions: Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Partial Adjusted Trial Balance. Use this statement of Stockholders' Equity to answer this question and the next question You will need to know the amounts for ending retained earnings and the new total ending balance for stockholders' equity. Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20xx Account Balance Accounts $25,634 24,500 3,299 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Accounts Payable Common Stock Retained Earnings Dividends Revenue Sales Discounts 35,000 10.127 140,140 15,176 5,000 75,000 1,500

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