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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 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 $ $ $ $ $

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