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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
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 $400 for Common Stock, $10,500 for Paid-In Capital in Excess of Par, and $20,900 for Retained Earnings. Reported net income of $40,900. Issued common stock, which increased common stock by $150 and increased the Paid-In Capital in Excess of Par by $3,750. Purchased $6,900 of treasury stock. Declared and paid $4,900 of cash dividends. Beginning balance Net income Issuance of common stock Purchase of treasury stock Cash dividends Ending balance Hulu Incorporated Statement of Stockholders' Equity For Year Ended December 31 Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock Total Equity
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