Question
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017
Plummer Stonework Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,300 42,500 14,900 19,000 141,000 266,000 90,000 90,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity Balance December 31, 2017 Balance December 31, 2018 Common Stock Retained Earnings
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