Formulating a Statement of Stockholders’ Equity from Raw Data

Formulating a Statement of Stockholders’ Equity from Raw Data Crocker Corporation began calendar-year 2013 with stockholders’ equity of $100,000, consisting of contributed capital of $70,000 and retained earnings of $30,000. During 2013, it issued addi- tional stock for total cash proceeds of $30,000. it also reported $50,000 of net income, of which $25,000 was paid as a cash dividend to shareholders. Required Prepare the December 31, 2013 statement of stockholders’ equity for Crocker Corporation.


 

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