You start as the accountant for a coffee shop and need to prepare the stockholders' equity section of the balance sheet. Listed below is the information available.

Stockholders Equity Information $

1. Dividends declared (500)

2. Retained Earnings - Beginning of period 5,000

3. Common stock, par value $1.00 per share, issued 100 shares 100

4. Additional Paid in Capital 5,900

5. Net income for period 1,500

1. Calculate ending retained earnings. Show calculations.

2. Calculate and identify common stock accounts and total amount related to common stock issued.