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Page At the beginning of the year, B2Men Music had the following in shareholders' equity: Contributed Capital: Common stock, $1 par $ 100,000 Additional paid-in
Page At the beginning of the year, B2Men Music had the following in shareholders' equity: Contributed Capital: Common stock, $1 par $ 100,000 Additional paid-in capital on common stock $ 300.000 Total Contributed Capital $ 400,000 Retained Earnings Total Shareholders' Equity $ 608,000 $1,008.000 The following happened during the year 1.) B2Men Music issued 50,000 shares of common stock at $5 per share 2.) They earned net income of $475.300 3.) B2Men Music paid a cash dividend of $.05 per share of common stock Required: Prepare the statement of shareholders equity for the year
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