Question

BULLDOG, INC. Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $10,000...

BULLDOG, INC.
Statement of Stockholders' Equity
Common Stock Retained Earnings Total Stockholders' Equity
Beginning balance $10,000 $7,000 $17,000
Issuances 1,100 1,100
Add: Net income ******* *********
Less: Dividends (3,000) (3,000)
Ending balance $11,100 $10,000 $21,100

I need to find the answers to where the ********s are. (The net income in columns 2 and 3)

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Answer #1

Beginning retained earnings+Net income-Dividends=Ending retained earnings

7000+Net income-3000=10,000

Net income=(10,000+3000-7000)

=$6000

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