Business, 22.02.2020 05:38, sairaanwar67

At the beginning of Year 1, a company reported a balance in common stock of $166,000 and a balance in retained earnings of $66,000. During the year, the company issued additional shares of stock for $56,000, earned net income of $46,000, and paid dividends of $11,600. In addition, the company reported balances for the following assets and liabilities on December 31.
1. Prepare a statement of stockholders’ equity.
2. Prepare a balance sheet.

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At the beginning of Year 1, a company reported a balance in common stock of $166,000 and a balance i...