MESA INDUSTRIES Balance Sheet At December 31, Prior Year Stockholders' equity Common stock (par $15; 7,800...

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MESA INDUSTRIES Balance Sheet At December 31, Prior Year Stockholders' equity Common stock (par $15; 7,800 shares) Additional Paid-in capital Retained earnings Total stockholders' equity $117,000 9,800 48,800 $ 175,600 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,000 shares of common stock at $21 cash per share (at year-end). b. Determined net income, $46,800. c. Declared and paid a cash dividend of $1 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year. MESA INDUSTRIES Statement of Stockholders' Equity Common Stock Paid-in Capital Retained Earnings Shares Amount Total Stockholders' Equity Balances as of December 31, prior year Balances as of December 31, current year MESA INDUSTRIES Balance Sheet At December 31, Prior Year Stockholders' equity Common stock (par $15; 7,800 shares) Additional Paid-in capital Retained earnings Total stockholders' equity $117,000 9,800 48,800 $ 175,600 During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,000 shares of common stock at $21 cash per share (at year-end). b. Determined net income, $46,800. c. Declared and paid a cash dividend of $1 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31, current year. MESA INDUSTRIES Statement of Stockholders' Equity Common Stock Paid-in Capital Retained Earnings Shares Amount Total Stockholders' Equity Balances as of December 31, prior year Balances as of December 31, current year