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Required: Prepare a statement of stockholders' equity for the year ended December 31, current year At the end of the prior annual reporting period, Barnard

image text in transcribedimage text in transcribed Required: Prepare a statement of stockholders' equity for the year ended December 31, current year

At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: BARNARD CORPORATION Balance At December 31, $ 82,500 45, eeo Stockholders' equity Contributed capital Common stock (par $15; 5,500 Paid-in capital Total contributed capital Retained earnings Total stockholders' equity Sheet Prior Year shares 15, eeo 97, see $ 142, During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,200 shares of common stock at $25 cash per share (at year-end). b. Determined net income, $49,000. c. Declared and paid a cash dividend of $4 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year.

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