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Plummer Stonework Corporation was organized on January 1, 2017. For its first two Net income for 2017 Net income for 2018. Dividends for 2017

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Plummer Stonework Corporation was organized on January 1, 2017. For its first two 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 PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Balance December 31, 2017 $ 31,900 43,400 13,700 Balance December 31, 2018 18,400 134,000 265,000 140,000 140,000 Common Stock Retained Earnings On the basis of the data given, prepare a statement of stockholders' equ Answer is complete but not entirely correct. PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Balance December 31, 2017 Add: Net income Less: Dividends Balance December 31, 2018 $ $ Common Stock 140,000 475,300 4,700 X 140,000 $ (A $ Retained Earnings 18,200 43,400 18,400 43,600

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