The stockholders' equity T accounts of For All Occasions Greeting Cards Inc. for the current fiscal year ended December 31, 2010, are as follows. Prepare a statement of stockholders' equity for the fiscal year ended December 31,2010.

Transcribed Image Text:

COMMON STOCK Jan. 1 Balance 2,000,000 Feb. 20 Issued 18,000 shares 900,000 2,900,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 320,000 Feb. 20 Issued 18,000 shares 216,000 Dec. 31 Balance 536,000 TREASURY STOCK July 19 Purchased 3,000 shares 144,000 RETAINED EARNINGS June 30 Dividend 50,000 Jan. 1 Balance Closing (net income) 3,480,000 Dec. 30 Dividend Dec. 31 50,000 510,000 3,890,000 Dec. 31 Balance