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Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. (Amounts to be deducted should be
Prepare a statement of stockholders' equity for Hulu Incorporated for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) - Beginning balances of $300 for Common Stock, $9,700 for Paid-In Capital in Excess of Par, and $20,000 for Retained Earnings. - Reported net income of $40,000. - Issued common stock, which increased common stock by $100 and increased the Paid-In Capital in Excess of Par by $2,900. - Purchased $6,000 of treasury stock. - Declared and paid $4,000 of cash dividends
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