Question: I can not figure this out. Please help with those marked off as incorrect. Based on the preceding spreadsheet, prepare a statement of stockholders' equity
I can not figure this out. Please help with those marked off as incorrect.
Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. During the year ended April 30, 20Y3, common stock of $3,000 was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.

Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended April 30, 20Y3: Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2013 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Dr. . Cr. Dr. Cr. Dr. Cr. Account Title Cash 13,040 13,040 Accounts Receivable 31,040 31,040 Supplies 3,290 2,760 530 24,830 24,830 Office Equipment Accumulated Depreciation Accounts Payable 3,450 1,650 5,100 8,380 8,380 Salaries Payable 400 400 Common Stock 10,000 10,000 Retained Earnings 21,660 21,660 Dividends 4,040 4,040 Fees Earned 58,510 58,510 Salary Expense 23,280 400 23,680 2,760 2,760 Supplies Expense Depreciation Expense Miscellaneous Expense 1,650 1,650 2,480 2,480 102,000 102,000 4,810 4,810 104,050 104,050 Triton Consulting Statement of Stockholders' Equity For the Year Ended April 30, 20Y3 Common Stock Retained Earnings Total Balances, May 1, 2012 $ 7,000 $ 21,660 $ 28,660 Issued common stock 3,000 3,000 Net income 0 27,040 X Dividends 0 -4,040 -4,040 Balances, April 30, 20Y3 10,000 $ Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting. Triton Consulting Balance Sheet April 30, 20Y3 Assets Current assets: Cash 13,040 Accounts receivable 31,040 Supplies 530 Total current assets 44,610 Property, plant, and equipment: Office equipment 24,830 Accumulated depreciation 5,100 Total property, plant, and equipment 19,730 Total assets $ 64,340 Liabilities Current liabilities: Accounts payable 8,380 Salaries payable 400 Total liabilities $ 8,780 Stockholders' Equity Common stock 10,000 Retained earnings 21,660 X Total stockholders' equity II Total liabilities and stockholders' equity
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