Question: Description Stock Albea Palio Capital Het Bar Problem: (34 points) Below is the stockholders' equity section of Alling- ham Corp.'s balance sheet at 12/31/X1 and
Description Stock Albea Palio Capital Het Bar Problem: (34 points) Below is the stockholders' equity section of Alling- ham Corp.'s balance sheet at 12/31/X1 and 12/31/X2, respectively: Beginning balances (1/107) Stockholders Egitt 1281/XI) Common Stock spar) Adical Paida Capital Total Contributed Capital Retained Earnings Total Stockholders' Equity $30.000 70.000 100.000 900.000 SLOW Embales ( 131 Stechelenity Cat 1231X Como Stock (5 p.) Additional Pastin Capital Total Cod Capital Rendamine Tool Stockholders' Equity $5,000 160.000 21000 1.400.000 5 Additional Information for 20X2 is as follows: Net income for 20X2 equals $600,000 Dividends declared in 20x2 equals $100,000 Twenty thousand (20,000) shares of Si par common stock were is. sued for $5.50 per share in 20X2 Required: In the space below, complete the statement of stockholders' equity for the year ending 12/31/X2. Allingham Corp Statement of Stockholders' Equity For the year ending December 31, 20X2
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