On January 1, 2022, Carla Vista Inc. had the following stockholders' equity balances. Common Stock (585,000...

 

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On January 1, 2022, Carla Vista Inc. had the following stockholders' equity balances. Common Stock (585,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings During 2022, the following transactions and events occurred. Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. Issued 57,500 shares of common stock for cash at $4 per share. Purchased 35,000 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $117,000. Sold 6,000 shares of treasury stock for cash at $5 per share. Earned net income of $390,000. 2. 3. 5. $1,170,000 500,000 230,000 600,000 6. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-45 or parentheses eg. (45)) On January 1, 2022, Carla Vista Inc. had the following stockholders' equity balances. Common Stock (585,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings During 2022, the following transactions and events occurred. Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. Issued 57,500 shares of common stock for cash at $4 per share. Purchased 35,000 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $117,000. Sold 6,000 shares of treasury stock for cash at $5 per share. Earned net income of $390,000. 2. 3. 5. $1,170,000 500,000 230,000 600,000 6. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-45 or parentheses eg. (45))

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To prepare the stockholders equity statement for the year 2022 we need to account for the various transactions and events that occurred throughout the ... View the full answer