The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows.

Common Stock
		Jan. 1 Balance	5,265,000
		Apr. 14 Issued 33,000 shares	1,287,000
		Dec. 31 Balance	6,552,000

Paid-in Capital in Excess of Par
		Jan. 1 Balance	1,080,000
		Apr. 14 Issued 33,000 shares	330,000
		Dec. 31 Balance	1,410,000

Treasury Stock
Aug. 7 Purchased 12,500 shares	550,000

Retained Earnings
Mar. 31 Dividend	74,900	Jan. 1 Balance	12,496,100
June 30 Dividend	74,900
Sept. 30 Dividend	74,900	Dec. 31 Closing (net income)	3,522,700
Dec. 31 Dividend	74,900	Dec. 31 Balance	15,719,200

Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Amount Descriptions

Amount Descriptions
Balance, December 31, 2016
Balance, January 1, 2016
Decrease in retained earnings
Dividends
For the Year Ended December 31, 2016
Increase in retained earnings
Issued 33,000 shares of common stock
Net income
Net loss
Purchased 12,500 shares as treasury stock

Statement of Stockholders’ Equity

Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign.