The two cases described below are independent of each other. Each case provides the information necessary to prepare the stockholders’ equity section of a corporate balance sheet.
a. Early in 2009, Wesson Corporation was formed with the issuance of 50,000 shares of capital stock at $5 per share. The corporation reported a net loss of $32,000 for 2009, and a net loss of $12,000 in 2010. In 2011 the corporation reported net income of $90,000 and declared a dividend of 50 cents per share.
b. Martin Industries was organized early in 2007 with the issuance of 100,000 shares of capital stock at $10 per share. During the first five years of its existence, the corporation earned a total of $800,000 and paid dividends of 25 cents per share each year on the common stock.

Instructions
Prepare the stockholders’ equity section of the corporate balance sheet for each company for the year ending December 31, 2011.