Statement of Stockholders' Equlty The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Balance Issued 13,200 shares Balance 1,200,000 14 52B 000 1,728,000 31 PAID-IN CAPITAL IN EXCESS OF PAR Balance Issued 13,200 shares Balance 192,000 14 105.600 31 297,600 TREASURY STOCK Aug. 7 2,200 shares 81 RETAINED EARNINGS Mar. 31 June. 30 Sept. 30 Dec. 31 Balance Closing (Net Income) Balance 2,090,000 31,000 Jan. 1 31,000 Dec. 31 31 31,000 Dec. 31 2,280,000