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Template to use in working Exercise 1-20 In each case, solve for a single unknown, using the following equation: Stockholders' equity (beginning) + additional

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Template to use in working Exercise 1-20 In each case, solve for a single unknown, using the following equation: Stockholders' equity (beginning) + additional common stock issued - dividends + Revenues-expenses = stockholders' equity (ending) Freeman Stockholders' equity at the end of year ($1,260,000-330,000) = Stockholders' equity at beginning of year ($900,000-$360,000) = Increase in stockholders' equity Deduct increase due to net income ($570,000-$240,000) $930,000 ($540,000) 390,000 ($330,000) Add dividends Additional common stock issued Heyward Stockholders' equity at end of year Stockholders' equity at beginning of year Increase in stockholders' equity Add dividends Deduct additional common stock issued Increase due to net income Add expenses Revenue $ 60,000 $75,000 a. $135,000

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