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Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Maxx Company for the current
Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Maxx Company for the current year ended December 31. You determine the following balances: Beginning-of-year common stock $12,000 Beginning-of-year retained earnings 18,000 Net income 6,000 Dividends paid 600 Issuance of common stock 960 Prepare a statement of stockholders' equity for Maxx Company for the current year. Note: Use a negative sign to shown a reduction to the balance. Maxx Company Statement of Stockholders' Equity For Year Ended December 31 Common Stock Retained Earnings Total Stockholders' Equity $ $ $ Balance at beginning of year Issuance of common stock Net income Less: Dividends Balance at end of year $ $ $
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