Question

Check my workCheck My Work button is now enabled

Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared at the end of the year, and 650 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,600 in cash (for a total at the end of the year of 820 shares). These effects are included below:

 

Catena’s Marketing Company
Adjusted Trial Balance
End of the Current Year
	Debit				Credit
Cash	$	1,580
Accounts receivable		2,290
Interest receivable		240
Prepaid insurance		1,790
Long-term notes receivable		2,900
Equipment		16,700
Accumulated depreciation				$	2,830
Accounts payable					2,360
Dividends payable					630
Accrued expenses payable					3,780
Income taxes payable					2,520
Unearned rent revenue					390
Common Stock (820 shares)					82
Additional paid-in capital					3,568
Retained earnings					5,250
Sales revenue					37,250
Interest revenue					140
Rent revenue					620
Wages expense		18,900
Depreciation expense		1,730
Utilities expense		330
Insurance expense		720
Rent expense		9,500
Income tax expense		2,740
Total	$	59,420		$	59,420

 

Prepare a statement of stockholders' equity for the current year. (Reductions in account balances should be indicated with a minus sign.)