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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock.

Line Item Description Amount
Accounts payable $2,000
Accounts receivable 10,340
Cash 21,420
Fees earned 73,450
Land 47,000
Building 157,630
Miscellaneous expense 1,030
Office expense 1,240
Supplies 1,670
Wages expense 23,550
Dividends 16,570

Prepare a statement of stockholders' equity for the current year ended March 31. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

Line Item Description Common Stock Retained Earnings Total
CashBalances, April 1Balances, March 31Net incomeNet loss $- Select - $- Select - $- Select -
Fees earnedIssued common stockOffice expenseMiscellaneous expenseWages expense - Select - - Select - - Select -
CashBalances, April 1Balances, March 31Net incomeNet loss - Select - - Select - - Select -
DividendsFees earnedOffice expenseMiscellaneous expenseWages expense - Select - - Select - - Select -
CashBalances, April 1Balances, March 31Net incomeNet loss $- Select - $- Select - $- Select -

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