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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
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 1,700,000 Apr. 14 Issued 19,200 shares 768,000 Dec. 31 Balance 2,468,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 272,000 Apr. 14 Issued 19,200 shares 153,600 Dec. 31 Balance 425,600 TREASURY STOCK Aug. 7 Purchased 3,200 shares 118,400 RETAINED EARNINGS Mar. 31 Dividend 44,000 Jan. 1 Balance 2,960,000 June. 30 Dividend 44,000 Dec. 31 Closing Sept. 30 Dividend 44,000 Dec. 31 Dividend 44,000 Dec. 31 (Net income) Balance 444,000 3,228,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it 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 Balance, Jan. 1, 2019 Issued 19,200 shares of Common Stock Purchased 3,200 shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9 Common Stock $40 Par Excess of Par Paid-In Capital in Treasury Retained Stock Earnings Total
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