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Show your work and how you got your calculations 1. Marble Corporation had the following balances in its stockholders' equity accounts at December 31,
Show your work and how you got your calculations 1. Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2010: Common Stock, $10 par, 50,000 shares authorized, 20,000 shares issued.... Paid-in Capital in Excess of Par Value, Common. Retained Earnings. Treasury Stock, 1,000 shares Total stockholders' equity..... The following transactions occurred during 2011: February 3 May 10 October 12 December 31 $200,000 250,000 500,000 (20,000) $930,000 Sold and issued 3,000 shares of common stock for $22 per share. Declared a $0.50 per share dividend on common stock. Sold 500 shares of the treasury stock for $20 per share. Net income for the year was determined to be $75,000. Based on the above information, prepare a statement of stockholders' equity for 2011. Use the form below. Marble Corporation Statement of Stockholders' Equity December 31, 2011 Paid-in Capital in Excess of Common Par Value, Stock Common Retained Treasury Total Earnings Stock Equity Balance, December 31, 2010 $200,000 $250,000 $500,000 $(20,000) $930,000 Balance, December 31, 2011
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