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Please solve ASAP Statement of Shareholders' Equity On January 1, 2019, Knox Company showed the following alphabetical list of shareholders' equity items: During 2019, the

Please solve ASAP image text in transcribed image text in transcribed

Statement of Shareholders' Equity On January 1, 2019, Knox Company showed the following alphabetical list of shareholders' equity items: During 2019, the following events occurred and were properly recorded by the company: 1. Knox issued 2,000 shares of common stock for $25 per share. 2. Knox issued 110 shares of preferred stock for $116 per share. 3. Knox reacquired 400 shares of its common stock as treasury stock at a cost of $26 per share. (Hint: Record the reacquisition cost in a Treasury Stock account.) 4. Knox earned net income of $57,000. Required: Prepare a statement of shareholders' equity for 2019 , including retained earnings. KNOX COMPANY Statement of Changes in Shareholders' Equity

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