Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. Common Stock Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1.200,000 Dec. 31 Balance 6,000,000 Paid-In Capital in Excess of Par Dan. 1 Balance 960,000 Apr. 14 Issued 30,000 shares 300,000 Dec. 31 Balance 1,260,000 Treasury Stock Aug. 7 Purchased 12,000 shares 552,000| Retained Earnings Mar. 31 Dividend 69,000 Jan. 1 Balance 11,375,000 June 30 Dividend 69,000 Dec. 31 Closing Sept. 30 Dividend 69,000 (net income) 3.780,000 12.000 shares 552,000 Retained Earnings Mar. 31 Dividend 69,000 Jan. 1 Balance 11,375,000 June 30 Dividend 69,000 Dec. 31 69,000 Closing Sept. 30 Dividend (net income) 3.780,000 Dec. 31 Dividend 69,000 Dec. 31 Balance 14,879,000 If an amount is zero or an entry is not required, leave the box blank. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a 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 Balances, Jan. 1, 20Y9 Issued 30,000 shares of common stock Purchased 12,000 shares as treasury stock Net income Dividends Balances, Dec. 31, 20Y9 Previous Next Check My Work