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1 value: 10.00 points EX Qu. 169 Court Casuals has the following beginning... Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Common Stock, $80,000; Additional Paid-in Capital, $3,900,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2018, is $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2018 May 18 Issues 27,000 additional shares of $1 par value common stock for $60 per share May 31 Repurchases 3,500 shares of treasury stock for $40 per share July 1 Declares a cash dividend of $3 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1 August 10 Reissues 2,500 shares of treasury stock purchased on May 31 for $54 per share Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2018, using the format provided. (Amounts to be deducted should be indicated with a minus sign. Increases in treasury stock should be entered with a minus sign since it is a contra account.) COURT CASUALS Statement of Stockholders' Equity For the Year Ended December 31, 2018 Total Common Additional Retained Earnings Treasury Stock Paid-in Stockh Stock 0,000 3,900,00000,000 Balance, January 1 Issued common stock Repurchase of treasury stock Cash dividends Sale of treasury stock Net income Balance, December 31 6,980,000 3. 10.00 points EX Qu. 158 Electronic Wonders reports net income of. Electronic Wonders reports net income of $96,400. The accounting records reveal Depreclation Expense of $51,200 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $39,000, $23,700, and $20,200, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) ELECTRONIC WONDERS Statement of Cash Flows (partial) Cash Flows from Operating Activities Adjustments for noncash effects Changes in current assets and current liabilities Net cash flows from operating activities