The two cases described as follows are independent of each other. Each case provides the information necessary

Question:

The two cases described as follows are independent of each other. Each case provides the information necessary to prepare the stockholders' equity section of a corporate Early in 2016, Wesson was formed with the issuance of 50,000 shares of capital stock at $5 per share. The reported a net loss of $32,000 for 2016, and a net loss of $12,000 in 2017. In 2018 the reported net income of $90,000 and declared a of 50 cents per share.
b. Amber Industries was organized early in 2014 with the issuance of 100,000 shares of capital stock at $10 per share. During the first five years of its existence, the earned a total of $900,000 and paid dividends of 25 cents per share each year on the common stock.
Instructions
Prepare the stockholders' equity section of the corporate for each company for the year ending December 31, 2018.
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