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Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2049, are as follows. COMMON STOCK

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Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2049, are as follows. COMMON STOCK Balance 1,500,000 Jan. 1 Apr. 14 Issued 13,200 shares Balance 660,000 2,160,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 240,000 Jan. 1 Apr. 14 Balance Issued 13,200 shares 158,400 Dec. 31 Balance 398,400 TREASURY STOCK Aug. 7 Purchased 2,200 shares 105,600 RETAINED EARNINGS Mar. 31 Dividend Balance 2,610,000 June. 30 Dividend 38,000 Jan. 1 38,000 Dec. 31 38,000 38,000 Dec. 31 Dividend Closing (Net income) Balance Sept. 30 Dec. 31 392,000 Dividend 2,850,000 Prepare a statement of stockholders' equity for the year ended December 31, 2019. 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, 2049 Common Stock $50 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 2049 Issued 13,200 shares of Common Stock Purchased 2,200 shares as Treasury Stock Net Income Dividends $ Balance, Dec. 31, 2049

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