. Prepare a statement of stockholders equity of Caracel, Inc. for the year December 31 using the following data.

a. Beginning balances:

• Common Stock,$10 par value, authorized, 20,000 shares, issued and outstanding, 10,000 shares - $ 100,000
• Paid-In Capital in Excess of Par $10,000
• Retained Earnings - $ 30,000

b. Reported net income of $40,000 for the year

c. Issued 2,000 common stocks at $15 cash per share.

d. Purchased 1,000 common stocks at $20 per share

e. Declared and paid $0.20 dividend per share.

Caracel Inc.
Statement of Stockholders Equity
For Year Ended December 31
	Common Stock	Paid-In Capital in Excess of Par	Retained Earnings	Treasury Stock	Total Equity
Beginning balance
Net income
Issuance of common stock
Purchase of treasury stock
Cash dividends
Ending balance