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Prepare a statement of stockholders equity for the year

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Reference no: EM132748488

Problem - Marcie Davies owns and operates Gemini Advertising Services. On January 1, 20Y5, Common Stock had a balance of $75,000, and Retained Earnings had a balance of $618,500. During the year, Marcie invested an additional $40,000 in exchange for common stock, and $15,000 of dividends were paid. For the year ended December 31, 20Y5, Gemini Advertising reported a net income of $92,330. Prepare a statement of stockholders' equity for the year ended December 31, 20Y5.

Reference no: EM132748488

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