Question: Formulating a Statement of Stockholders' Equity from Raw Data Crocker Corporation began calendar-year 2016 with stockholders' equity of $200,000, consisting of contributed capital of $140,000
Formulating a Statement of Stockholders' Equity from Raw Data Crocker Corporation began calendar-year 2016 with stockholders' equity of $200,000, consisting of contributed capital of $140,000 and retained earnings of $60,000. During 2016, it issued additional stock for total cash proceeds of $60,000. It also reported $100,000 of net income, of which $50,000 was paid as a cash dividend to shareholders. Required Prepare the December 31, 2016 statement of stockholders equity for Crocker Corporation.
Use negative signs with answers that reduce the account balance(s).
| Crocker Corporation Statement of Stockholders' Equity For Year Ended December 31, 2016 | |||
|---|---|---|---|
| Contributed Capital | Retained Earnings | Stockholders Equity | |
| December 31, 2015 | Answer | Answer | Answer |
| Issuance of common stock | Answer | Answer | Answer |
| Net income | Answer | Answer | Answer |
| Cash dividends | Answer | Answer | Answer |
| December 31, 2016 | Answer | Answer | Answer |
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