E1-13 (Algo) Preparing a Statement of Stockholders' Equity L01-1 Plummer Stonework Corporation was organized on January...

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E1-13 (Algo) Preparing a Statement of Stockholders Equity L01-1 Plummer Stonework Corporation was organized on January 1, 20

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Answer 1

Answer #1

	common stock	retained earnings
Balance December 31, 2017	90,000	16,600
Add: net income		43,300
less:dividends		(17,800)
Balance December 31, 2018	90,000	42,100

working:

retained earnings balance on December 31 2017

net income of 2017 - dividends of 2017

=>$31,300-14,700.

=>$16,600.

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Answer 2

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