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Prepare a statement of stockholders' equity for the current year. (Reductions in account bal sign.) CATENA'S MARKETING COMPANY Statement of Stockholders' Equity Common Stock Additional

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Prepare a statement of stockholders' equity for the current year. (Reductions in account bal sign.) CATENA'S MARKETING COMPANY Statement of Stockholders' Equity Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity $ 14 5,980 68 Balance, January 1 Share issuance Net income Dividends declared (630) (630) Balance, December 31 82 MacBook Mind Tap Homewo... k 6 Lena's Marketing Company has the following adjusted trial clared at the end of the year, and 680 additional shares of mar for $2,720 in cash (for a total at the end of the year of 8 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,550 Accounts receivable 2.370 Interest receivable 120 Prepaid insurance 1,790 Long-term notes receivable 2,920 Equipment 16,400 Accumulated depreciation $ 2,850 Accounts payable 2,390 Dividends payable 630 Accrued expenses payable 3.870 Income taxes payable 2.610 Unearned rent revence 410 Common Stock (20 shares) 02 Additional paid-in capital 3.580 Retained earnings 5,350 Sales revenue 36,750 Interest revenue 190 Rent revenue 670 Wages expense 18,700 Depreciation expense 1.760 Uti ties expense 380 Insurance expense 730 Rent expense Income tax expense 2.220 Total 559.190 559.390

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