2. Prepare a statement of shareholders' equity for Year 5. (Hint: Work back from the ending...

 

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2. Prepare a statement of shareholders' equity for Year 5. (Hint: Work back from the ending account balances.) STONE BOAT COMPANY Statement of Shareholders' Equity For Year Ended December 31, Year 5 Balances, 1/1/Year 5 Common stock issued Preferred Stock $50 par Common Stock Additional Paid-in Capital Additional Paid-in Capital Retained $10 par on Preferred Stock on Common Stock Earnings Total Preferred stock issued Net income 50,500 50,500 Dividends paid 21,000 21,000 Balances, 12/31/Year 5 32,000 80,000 3,200 20,000 84,600 219,800 Feedback 2. Prepare a statement of shareholders' equity for Year 5. (Hint: Work back from the ending account balances.) STONE BOAT COMPANY Statement of Shareholders' Equity For Year Ended December 31, Year 5 Balances, 1/1/Year 5 Common stock issued Preferred Stock $50 par Common Stock Additional Paid-in Capital Additional Paid-in Capital Retained $10 par on Preferred Stock on Common Stock Earnings Total Preferred stock issued Net income 50,500 50,500 Dividends paid 21,000 21,000 Balances, 12/31/Year 5 32,000 80,000 3,200 20,000 84,600 219,800 Feedback