# Question

Beginning balances in the equity accounts were as follows:
Common stock, at par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 1,500
Paid-in capital in excess of par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Accumulated other comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . (2,200)
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,000)
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$19,300

The following is true for the year:
(a) Net income was \$4,500.
(b) Equity increased \$300 from an increase in value of available-for-sale securities.
(c) Dividends were \$1,000.
(d) Treasury stock of \$1,200 was purchased. Assume the cost method.
(e) Shares of stock for \$500 were issued. Par value was \$40.

Prepare a statement of changes in stockholders’ equity for the year.

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