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The shareholders' equity section of Flores Design Company's December 31, 2018, bolance sheet appeared as follows: During 2019, the company entered into the following transactions
The shareholders' equity section of Flores Design Company's December 31, 2018, bolance sheet appeared as follows: During 2019, the company entered into the following transactions affecting shareholders' equity: 1. Issued 250 shares of preferred stock at $164 per share. 2. Issued 3,000 shares of common stock at 517 per share. 3. Reacquired 200 of its own common shares as treasury stock for $15 per share. 4. Reissued 250 shares of treasury stock at $17 per share (FIFO basis). 5. Net income for 2019 was $46,500. Dividends of $25,000 were distributed. Required: 1. Prepare a statement of shareholders' equity for the year ended December 31, 2019, for Flores. If an amount is zero, enter "0". FLORES DESIGN COMPANY Statement of Shareholders' Equity Enr Year Finded Deremher 31. 3n10 2. Compute the return on shareholders' equity for 2019 . Round your answer to one decimal place. %
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