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On January 1, Martinez Corp. had the following balances in stockholders' equity accounts: Common stock $60,000 Credit bal. Accumulated other comprehensive income 21,600 Credit
On January 1, Martinez Corp. had the following balances in stockholders' equity accounts: Common stock $60,000 Credit bal. Accumulated other comprehensive income 21,600 Credit bal. Retained earnings 72,000 Credit bal. During the year, the company reported net income of $33,600, declared and paid dividends of $9,600, issued common stock of $30,000, and reported an unrealized holding gain on debt investments of $5,280 (after tax). Required Prepare a statement of stockholders' equity for the year December 31. Statement of Stockholders' Equity Accumulated Common Retained Other Comprehensive Stock Earnings Income Total Beginning balance, January 1 Net income $ 0 $ 0 $ 0 $ 0 0 0 0 0 I 0 0 Other comprehensive income 0 0 Ending balance, December 31 $ 0 $ 0 $ 0 $ 0 Please answer all parts of the question.
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