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Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2019, 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, 2019, are as follows. COMMON STOCK 1,200,000 Jan. 1 Apr. 14 Balance Issued 18,000 shares Balance 540,000 1,740,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 192,000 Jan. 1 Apr. 14 Balance Issued 18,000 shares Balance 126,000 318,000 Dec. 31 TREASURY STOCK Aug. 7 Purchased 3,000 shares 84,000 RETAINED EARNINGS 2,090,000 Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend 31,000 Jan. 1 31,000 Dec. 31 31,000 31,000 Dec. 31 Balance Closing (Net income) Balance 314,000 2,280,000 Prepare a statement of stockholders' equity for the year ended December 31, 2049. 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, 2019 Common Stock $30 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 2019 Issued 18,000 shares of Common Stock Purchased 3,000 shares as Treasury Stock Accounting numeric field Net Income Dividends Balance, Dec. 31, 2049
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