1. Statement of Stockholders' Equity

   The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.

   COMMON STOCK
   			Jan. 1	Balance	800,000
   			Apr. 14	Issued
   				9,000 shares	360,000
   			Dec. 31	Balance	1,160,000

   PAID-IN CAPITAL IN EXCESS OF PAR
   			Jan. 1	Balance	128,000
   			Apr. 14	Issued
   				9,000 shares	72,000
   			Dec. 31	Balance	200,000

   TREASURY STOCK
   Aug. 7	Purchased
   	1,500 shares	55,500

   RETAINED EARNINGS
   Mar. 31	Dividend	20,000	Jan. 1	Balance	1,390,000
   June. 30	Dividend	20,000	Dec. 31	Closing
   Sept. 30	Dividend	20,000		(Net income)	209,000
   Dec. 31	Dividend	20,000	Dec. 31	Balance	1,519,000

   Prepare a statement of stockholders equity for the year ended December 31, 20Y9.

   If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.

   I-Cards Inc.
   Statement of Stockholders' Equity
   For the Year Ended December 31, 20Y9
   	Common Stock $40 Par	Paid-In Capital in Excess of Par	Treasury Stock	Retained Earnings	Total
   Balance, Jan. 1, 20Y9	$	$	$	$	$
   Issued 9,000 shares of Common Stock
   Purchased 1,500 shares as Treasury Stock
   Net Income
   Dividends
   Balance, Dec. 31, 20Y9	$	$	$	$	$