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The assets and liabilities of Global Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable

The assets and liabilities of Global Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows:

Accounts payable $108,000 Miscellaneous expense $19,500
Accounts receivable 539,000 Rent expense 56,000
Cash 200,000 Supplies 6,000
Common stock 575,000 Supplies expense 12,700
Fees earned 940,000 Utilities expense 34,800
Land 1,500,000 Wages expense 415,000

Common stock was $525,000 and retained earnings was $1,250,000 as of January 1, 20Y5. During the year, additional common stock of $50,000 was issued for cash, and dividends of $90,000 were paid.

Prepare a statement of stockholders equity for the year ended December 31, 20Y5. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

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Question not attempted. Score: 0/80 Global Travel Agency Statement of Stockholders' Equity (Label) Retained Common Stock Total 1 Earnings 2 3 4 6

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