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Prepare a statement of stockholders equity for the year ended April 30, 20Y5. Restoration Arts Statement of Stockholders EqCash Balances, May 1, 2014 Balances, April 30, 2015 Net income Net lossStatement of stockholders equity; net loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended AArts for the fiscal year ended April 30, 2045, are as follows: ,000 ,500 Dividends 475,500 July 31 (2014) 1,250 Apr. 30 5,000

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Answer #1
Restoration Arts
Statement of Stockholders' Equity
For the year ended April 30,20Y5
Common Stock Retained Earnings Total
Balances, May 1, 20Y4 10000 475500 485500
Issuance of Common stock 7500 7500
Net loss -31200 -31200
Dividends -5000 -5000
Balances, April 30, 20Y5 17500 439300 456800
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