Formulating a Statement of Stockholders' Equity from Raw Data

Crocker Corporation began calendar-year 2016 with stockholders' equity of $450,000, consisting of contributed capital of $315,000 and

retained earnings of $135,000. During 2016, it issued additional stock for total cash proceeds of $135,000. It also reported $225,000 of net

income, of which $112,500 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. Retained. Stockholders'

capital earnings. equity

December 31, 2015

Issuance of common stock

Net income

Cash dividends

December 31, 2016