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On January 1, 2020, Splish Brothers Inc had the following stockholders equity balances, Common Stock (493,000 shares issued) $986,000 Paid-in Capital in Excess of Par-Common

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On January 1, 2020, Splish Brothers Inc had the following stockholders equity balances, Common Stock (493,000 shares issued) $986,000 Paid-in Capital in Excess of Par-Common Stock 486,000 Common Stock Dividends Distributable 49 300 Retained Earnings 601,000 During 2020. the following transactions and events occurred. Issued 24,650 shares of S2 par value common stock as a result of 598 stodk dividend declared on December 15, 2019. Issued 27,500 shares of common stock for cash et $7 pershere. Purchased 24,500 shares of common stock for the treasury et $5 per share. 4 Declared and paid a cash dividend of $ 114,000. 5. Sold 8,300 shares of treasury stock for cash at $5 per share. Barned net income of $300.000, Prepere a stockholders' equity Statement for the year. (If an amount recuces the account balance then enter with negative sign preceding the number -45 or parentheses eg (451) Splish Brothers Inc Stocicholders' Equity Statemend Paid in

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