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Statement of shareholders equity for company in good form

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Reference no: EM131748844

Question: Following is selected financial information for Sandra Company for 2016 and 2017:

                                                2016              2017

Retained earnings, January 1        $53,000               ?

Net income                                 37,000          42,000

Dividends declared and paid           15,000          18,000

Capital stock                               70,000              ?

The company issued 2,000 shares of additional capital stock in 2017 for $20,000. There were no other capital transactions.

Required: Prepare a statement of shareholders' equity for the company in good form for the year ended December 31, 2017.

Reference no: EM131748844

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