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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
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, 600 42,200 13,400 17,900 135,000 268,000 140,000 140,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018 PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Common Stock Retained Earnings Balance December 31, 2017 $ 140,000 Add: Net income 42,200 Less Dividends (17,900) Balance December 31, 2018 $ 140,000
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