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E1-13 (Algo) Preparing a Statement of Stockholders' Equity LO1-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 31,300 43,300 14,700 17,800 149,000 258,000 90,000 90,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018.

E1-13 (Algo) Preparing a Statement of Stockholders' Equity LO1-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 31,300 43,300 14,700 17,800 149,000 258,000 90,000 90,000 Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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E1-13 (Algo) Preparing a Statement of Stockholders' Equity LO1-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Balance December 31, 2017 Less: Net income Add Dividends Balance December 31, 2018 Common Stock + S $ 90,000 $ 31,300 43,300 90,000 14,700 17,800 149,000 258,000 90,000 90,000 Retained Earnings
Transcribed Image Text:E1-13 (Algo) Preparing a Statement of Stockholders' Equity LO1-1 Plummer Stonework Corporation was organized on January 1, 2017. For its first two ye Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 PLUMMER STONEWORK CORPORATION Statement of Stockholders' Equity Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Balance December 31, 2017 Less: Net income Add Dividends Balance December 31, 2018 Common Stock + S $ 90,000 $ 31,300 43,300 90,000 14,700 17,800 149,000 258,000 90,000 90,000 Retained Earnings
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