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Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year...

Question:

Statement of Stockholders' Equity

The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.

COMMON STOCK
Jan. 1 Balance 1,500,000
Apr. 14 Issued
17,400 shares 696,000
Dec. 31 Balance 2,196,000
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1 Balance 240,000
Apr. 14 Issued
17,400 shares 139,200
Dec. 31 Balance 379,200
TREASURY STOCK
Aug. 7 Purchased
2,900 shares 107,300
RETAINED EARNINGS
Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000
June. 30 Dividend 38,000 Dec. 31 Closing
Sept. 30 Dividend 38,000 (Net income) 392,000
Dec. 31 Dividend 38,000 Dec. 31 Balance 2,850,000

Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9.

If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.

I-Cards Inc.
Statement of Stockholders' Equity
For the Year Ended December 31, 20Y9
Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total
Balance, Jan. 1, 20Y9 $ $ $ $ $
Issued 17,400 shares of Common Stock
Purchased 2,900 shares as Treasury Stock
Net Income
Dividends
Balance, Dec. 31, 20Y9 $ $ $ $ $

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