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The following account balances appear in the 2024 adjusted trial balance of Woodpecker Corporation: Common Stock, $26,000; Retained Earnings, $7.600; Dividends. $1,000, Service Revenue,
The following account balances appear in the 2024 adjusted trial balance of Woodpecker Corporation: Common Stock, $26,000; Retained Earnings, $7.600; Dividends. $1,000, Service Revenue, $26,800, Salaries Expense, $15,600; and Rent Expense, $8,600. No common stock was issued during the year. Prepare the statement of stockholders' equity for the year ended December 31, 2024. (Amounts to be deducted should be entered with minus sign.) Answer is not complete. WOODPECKER CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2024 Common Retained Total Stock Earnings Stockholders' Equity Balance at January 11 S 26,000 $ 7,600 $ 33,600 ( Add Net Income for 2024 Less Dividends (1,000) (1,000) Balance at December 31 $ 26,000
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