Question 18 Answer saved Marked out of 25.00 P Flag question Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity Palatin Company for the year ended December 31, 2013. You determine the following balances: Common Stock at December 31, 2012 Retained Carnings at December 21, 2012 Net Income during 2013 Dividends during 2013 Issuance of common Stock during 2013 $51,000 23,500 28,500 15,250 10.000 Required Prepare a statement of stockholders' equity for Palatin Company for 2013. PALATIN COMPANY Statement of Stockholders' Equity 3320 Common Stock at December 31, 2012 $51,000 Retained Earnings at December 31, 2012 23,500 Net Income during 2013 28,500 Dividends during 2013 15,250 Issuance of Common Stock during 2013 10,000 Required Prepare a statement of stockholders' equity for Palatin Company for 2013. PALATIN COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2013 Commonstock Retained Carnings Total Stockholders' Equity Balance at December 31, 2012 3 OS 0 Issuance of Common Stock D 0 0 Nacorrie 0 0 0 0 Dividends Banderas negave balance 0ember 21, 2013 O US