Clints Stonework Corporation was organized on January 1, 2013. For its first two years of operations, it

Clint’s Stonework Corporation was organized on January 1, 2013. For its first two years of operations, it reported the following:

Required:
On the basis of the data given, prepare a statement of stockholders’ equity for 2014. Showcomputations.

Transcribed Image Text:

Net income for 2013 Net income for 2014 Dividends for 2013 Dividends for 2014 Total assets at the end of 201 Total assets at the end of 2014 Common stock at the end of 2013 Common stock at the end of 2014 31,000 42,000 14,200 18,700 130,000 250,000 100,000 100,000