At the beginning of the year (January 1),Maurice and Sons has $12,000 of common stock outstanding and retained earnings of $4,200.During the year,the company reports net income of $3,200 and pays dividends of $1,200.In addition,the company issues additional common stock for $5,000.Prepare the statement of stockholders' equity at the end of the year (December 31).

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The Answer of At the beginning of the year (January 1),Maurice and Sons has $12,000 of common stock outstanding and retained earnings of $4,200.During the year,the company reports net income of $3,200 and pays dividends of $1,200.In addition,the company issues additional common stock for $5,000.Prepare the statement of stockholders' equity at the end of the year (December 31).

At the Beginning of the Year (January 1),Maurice and Sons