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On December 31, 2024, Peula Cooking Services reports the following revenues and expenses: In addition, the baiance of common stock at the beginning of the
On December 31, 2024, Peula Cooking Services reports the following revenues and expenses: In addition, the baiance of common stock at the beginning of the year was $150,000, and the bolance of retained earnings was $26,000 During the year, the company issued additional shares of common stock for $20,000 and paid dividends of $10,000. Required: 1. Prepere an income statement. 2. Prepore a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Prepare a Statement of Stockholders' Equity
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