Make of statement of stockholders'' equity

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Make of statement of stockholders' equity

A company had the following balances in its stockholders' equity accounts at December 31, 2004:

Common stock, $10 par, 50,000 shares authorized, 20,000 shares issued $200,000

Contributed capital in excess of par value, common 250,000

Retained earnings 500,000

Treasury stock, 1,000 shares -20,000

Total stockholders' equity $930,000

The following occurred during 2005:

1) February 3 - Sold and issued 3,000 shares of common stock for a sell price of $72 per share.

2) May 10 - Declared a $0.50 per share cash dividend on common stock.

3) October 12 - Sold 500 shares of treasury stock for $20 per share.

4) December 31 - Net income for the year is $75,000.

Required:

1) Prepare a statement of stockholders' equity IN GOOD FORMAT for 2005.

2) Show your work. Please show your supporting calculations and label them to indicate which numbers in the statement they are supporting.

Reference no: EM139760

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