Stockholders' Equity Balance Sheet Example Complete the Balance Sheet below using the following information: Company XYZ has been operating for two years. When the company started, stockholders purchased $450,000 worth of common stock. Company XYZ earned Net Income of $25,000 the first year and $45,000 the second year. A dividend was NOT paid in the first year, however, a dividend totaling $5,000 was paid in the second year. Assets XYZ Company Balance Sheet December 31, 2012 2012 135,000 380,000 545,000 Cash Equipment Total Assets 2011 140,000 380,000 520,000 Liabilities Accounts Payable Notes Payable Total Liabilities 5,000 25,000 30,000 10,000 35,000 45,000 450,000 450,000 Stockholders' Equity Paid-in Capital: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity Stockholders' Equity Balance Sheet Example Complete the Balance Sheet below using the following information: Company XYZ has been operating for two years. When the company started, stockholders purchased $450,000 worth of common stock. Company XYZ earned Net Income of $25,000 the first year and $45,000 the second year. A dividend was NOT paid in the first year, however, a dividend totaling $5,000 was paid in the second year. Assets XYZ Company Balance Sheet December 31, 2012 2012 135,000 380,000 545,000 Cash Equipment Total Assets 2011 140,000 380,000 520,000 Liabilities Accounts Payable Notes Payable Total Liabilities 5,000 25,000 30,000 10,000 35,000 45,000 450,000 450,000 Stockholders' Equity Paid-in Capital: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity