### Statement of Changes in Stockholders' Equity for Breanna Incorporated#### Instructions:Complete this question by entering your answers in the tabs below.### Task:Prepare a statement of changes in stockholders' equity for the year ended December 31, 2022, for Breanna Incorporated.**Note**: Enter decreases with a minus sign to indicate a negative financial statement effect.#### BREANNA INCORPORATED**Statement of Changes in Stockholders' Equity**For the Year Ended December 31, 2022| **Category** | **Amount** ||:----------------------------:|:----------:|| **Paid-in capital** | || **Retained earnings** | || Beginning balance | || [Various adjustments as required by the exercise] | || **Ending balance** | || **Total stockholders' equity** | |**Diagrams/Graphs:**The document includes a tabular representation of changes in stockholders' equity with the following sections:1. **Paid-in Capital**: The contributions received by the company from its shareholders in exchange for stock.2. **Retained Earnings**: - **Beginning Balance**: The retained earnings at the start of the period. - Additional lines for various adjustments or profit allocations during the year. - **Ending Balance**: The total retained earnings at the end of the period.3. **Total Stockholders' Equity**: The sum of paid-in capital and retained earnings, representing the total equity held by the shareholders at the end of the period.#### Navigation:- **Req A1**: Requirement A1 tab- **Req A2**: Requirement A2 tab- **Req A3**: Requirement A3 tab- **Req B to E**: Requirement B to E tabThese tabs are likely designed to gather the necessary information and calculations to complete each section of the statement. Click on the respective tabs to enter or review your data. ### Financial Analysis of Breanna IncorporatedThe following financial information was obtained from the records of Breanna Incorporated:**Assets and Liabilities:**- Accounts Receivable: $10,120- Accumulated Depreciation: $50,800- Cost of Goods Sold: $128,800- Income Tax Expense: $9,500- Cash: $64,500- Net Sales: $191,000- Equipment: $123,000- Selling, General, and Administrative Expenses: $36,000- Common Stock (8,200 shares): $98,000- Accounts Payable: $12,500- Retained Earnings, 1/1/22: $32,550- Interest Expense: $2,800- Merchandise Inventory: $38,200- Long-term Debt: $36,200- Dividends Declared and Paid During 2022: $6,150### Required Calculations**Prepare the following:**A. **Income Statement and Statement of Changes in Stockholders' Equity** for the year ending December 31, 2022, and a **Balance Sheet** as of December 31, 2022, for Breanna Incorporated. Using these prepared financial statements, answer the following parts b to e.B. **Average Income Tax Rate**: Calculate the company's average income tax rate.C. **Interest Rate on Long-Term Debt**: Determine the interest rate placed on long-term debt, assuming that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year.D. **Par Value Per Share of Common Stock**: What is the par value per share of common stock?E. **Dividend Policy**: Analyze the company's dividend policy, specifically what proportion of the company’s earnings is used for dividends.### Submission InstructionsComplete the indicated sections by entering the necessary data in the provided tabs below:- **Req A1**- **Req A2**- **Req A3**- **Req B to E**### Additional Notes:- When preparing the balance sheet as of December 31, 2022, enter decreases with a minus sign to indicate a negative financial statement effect.### Example Data Entry:- **Breanna Incorporated**This dataset provides a foundation for understanding Breanna Incorporated's financial health and helps to answer critical financial management questions related to taxation, debt management,

Name: ### Statement of Changes in Stockholders' Equity for Breanna Incorpor
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: ### Statement of Changes in Stockholders' Equity for Breanna Incorporated#### Instructions:Complete this question by entering your answers in the tabs below.### Task:Prepare a statement of changes in stockholders' equity for the year ended December