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Calculator The following information is available from the records of Loop Tech, Inc. On January 1, Common Stock had a balanc
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LOOP TECH INC
STATEMENT OF STOCKHOLDERS EQUITY
FOR THE YEAR ENDED DECEMBER 31
COMMON STOCK RETAINED EARNINGS TOTAL
BEGINNING BALANCE $50,000 $342,500 $392,500
LESS: NET LOSS $(38,700) $(38,700)
LESS: DIVIDENDS $(25,000) $(25,000)
ENDING BALANCE $50,000 $278,800 $328,800
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